This Multibagger Company's Drones Soar to New Heights: Achieving a Milestone by Clearing 19,000 Feet at Umling La Pass!
The company’s shares have delivered an impressive return of over 110 per cent in the past 1 year only.
Optiemus Unmanned Systems Private Limited (OUS), a subsidiary of Optiemus Infracom Limited, has achieved a remarkable milestone by reaching an altitude of 21,300 feet at Umling La Pass, the world’s highest motorable pass, during the Him Drone-A-Thon 2024. This prestigious event, organized by the Indian Army from September 16 to 24, showcased cutting-edge innovations in unmanned systems.
Landmark Achievement
During the competition, OUS highlighted its advanced Vajra 65 and Vajra 100 quadcopter drones, demonstrating their impressive capabilities in loitering munitions and long-range surveillance. The initial phase of trials was conducted at Wari La Pass, where OUS set new benchmarks by showcasing exceptional performance.
At Wari La Pass, located at approximately 15,000 feet, the Vajra 65 completed a successful loitering munitions mission, achieving a maximum altitude of 17,460 feet with a flight endurance of 50 minutes. Meanwhile, the Vajra 100 excelled in surveillance, reaching 18,280 feet and boasting an impressive endurance of 80 minutes.
Unmatched Performance at Umling La Pass
The climax of the trials occurred at Umling La Pass, where the Vajra 65 pushed the limits further by achieving an altitude of 21,300 feet. It successfully completed a bomb drop from 1,049 feet, covering a range of 7,000 meters with a flight endurance of 40 minutes. The Vajra 100 also performed exceptionally, achieving 23,000 feet in height and a range of 10,000 meters, along with an endurance of 70 minutes in harsh conditions.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Commitment to Innovation and Defence
Mr. Ashok Gupta, Executive Chairman of Optiemus Infracom Limited, expressed pride in leading the development of homegrown drone technology. He stated, “At OUS, we are committed to advancing India’s defence and surveillance capabilities. Our participation in the Him Drone-A-Thon 2024 reinforces our dedication to creating innovative, high-performance unmanned systems that address the evolving challenges of modern defense and industrial applications.”
Share Performance
Currently, the company’s shares are trading at around Rs 670.35 and the current market capitalization stands at Rs 5,755 crore. Additionally, the shares have delivered an impressive multibagger return of over 130 per cent in the past 6 months only.
About Optiemus Group
Optiemus Group is a leading telecommunications and manufacturing enterprise based in India. With almost thirty years of experience in telecommunications, technology, and manufacturing, the company possesses a unique insight into the Indian electronics market. The founders of the company are credited with retailing the first mobile phone in India in 1995 and have since been delivering the latest technological products to consumers through an extensive distribution and retail network. Optiemus Group has expertise across multiple domains, including the distribution, marketing, and manufacturing (via subsidiaries and associates) of mobile and telecom products in the Indian subcontinent.
Disclaimer: The article is for informational purposes only and not investment advice.