Defence Drone Company Partners With Krattworks Ltd For Manufacturing & Distribution Of Their Anti-Jammable Defence Drone Tech Under Make In India Scheme
The company's shares saw a spurt in volume by more than 1.01 times and up by 24.4 per cent from its 52-week low of Rs 116.50 per share.
On Wednesday, shares of DroneAcharya Aerial Innovations Ltd gained 9.11 per cent to Rs 144.9 per share from its previous closing of Rs 132.80 per share. The stock’s 52-week high is Rs 221 and its 52-week low is Rs 116.50. The company's shares saw a spurt in volume by more than 1.01 times and up by 24.4 per cent from its 52-week low of Rs 116.50 per share.
DroneAcharya Aerial Innovations Limited has announced a strategic partnership with Krattworks Ltd., a leading Estonian defence drone technology company. This collaboration aims to manufacture and distribute Krattworks' advanced defence drones in India under the "Make in India" initiative. By leveraging local production capabilities, the partnership seeks to serve both the Indian market and Krattworks' global clientele.
Krattworks specializes in high-performance drone solutions, including jamming-resistant ISR drones and fixed-wing aerial target drones. These drones are equipped with advanced features such as day and night vision, heavy payload capacity, and radar reflectors, making them ideal for critical defence applications like ISR missions, border patrolling, and 24/7 surveillance. The company has a proven track record of working with prestigious defence organizations, including the European Defence Fund and the Ministries of Defence of Estonia and Finland.
DroneAcharya, with its extensive experience in the drone industry, has already established itself as a trusted partner for various defence organizations in India. The company's expertise in FPV drones and drone pilot training aligns well with Krattworks' advanced drone technology. The introduction of Krattworks' anti-jamming drones in India is particularly significant, as these drones offer unparalleled resilience in high-threat environments. Their advanced features will be invaluable to the Indian defence sector, especially in ISR missions, border patrol, and day-and-night surveillance operations.
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About the Company
DroneAcharya Aerial Innovations Ltd has emerged as a dominant force in the drone industry, driving innovation and contributing to the development of advanced applications. The company's revenue has soared by 89.52% year-on-year, fuelled by its diverse range of services, including drone training, sales, and strategic alliances with renowned organizations. Expanding its operations to Southeast Asia, the Middle East, the European Union, and the United States, DroneAcharya has solidified its international presence.
A key factor in DroneAcharya's success is its commitment to training and development. The company has trained 391 DGCA-certified drone pilots in the past year through its Remote Pilot Training Organizations (RPTOs). Additionally, DroneAcharya has executed high-profile projects, such as delivering COVID-19 vaccines and creating the largest greeting card by a drone, showcasing the practical applications and potential of drone technology. The company continues to innovate by developing products like the AgriVeer agricultural spraying drone and FPV drones for ISR missions, enhancing its product portfolio and technological capabilities.
Disclaimer: The article is for informational purposes only and not investment advice.