Rs 1,400 crore order book and 800 per cent returns: Multibagger aerospace & defence company signs MoU to set up R&D manufacturing unit; bags Rs 42 crore order!

Ace investor Mukul Agrawal holds a 1.34 per cent stake in the company.

Zen Technologies, a leader in defence technology, is expanding operations with a new R&D and manufacturing facility in Goa, India. The Rs 50 crore investment is expected to create 800 jobs and enhance manufacturing capabilities, particularly in cutting-edge simulators and drone-related technologies. The company plans to collaborate with local colleges to drive skill development programs and empower the Goan workforce.

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The new facility will serve as an anchor unit for the EMC, with plans to develop and source sub-assemblies from Goan MSMEs. This expansion will fortify the company's manufacturing presence and diversify its operational landscape.

Recently, Zen Technologies also secured an export order worth Rs 42 crores (5.12 million USD) for state-of-the-art simulators. The order was from a friendly nation and reflects the company's growing influence and reputation on the global stage. It also aligns with the Indian government's efforts to boost defence exports and become a net defence exporter. Ace investor Mukul Agrawal holds a 1.34 per cent stake in the company.

Zen Technologies Limited develops and manufactures combat training solutions for the training of defence and security forces. It is actively involved in the indigenization of technologies, which are beneficial to Indian armed forces, state police forces, and paramilitary forces.

The stock also delivered multibagger returns of over 800 per cent in the last three years. The company has an order book of Rs 1,400 crore.

The stock has shown impressive growth and investors should keep a close eye on this stock.   

Disclaimer: The article is for informational purposes only and not investment advice.