Drone Technology in India: This drone manufacturer becomes India’s first company to bag orders from Indian Army!
The company is the only drone manufacturer to receive type certificates from DGCA for three drone models.
On August 07, 2023, Coromandel International Limited informed in the exchange filing that the company’s subsidiary, Dhaksha Unmanned Systems, has received orders worth Rs 165 crores from Defence (Indian Army) and IFFCO.
The order involves supplying 200 medium-altitude logistics drones and accessories to the Indian Army. Recently, Dhaksha has also bagged a 400-drone contract from agri inputs cooperative IFFCO for the supply of agri-spraying drones. These are planned to be delivered over the course of the next 12 months. Dhaksha’s orders for the current year have exceeded 165 crores including the orders from Defence and IFFCO. The company also has a strong order pipeline which will further increase the potential revenues for the current year.
The company has a technology collaboration with Anna University. The company is the only player in the country to receive type certificates from DGCA for three drone models in medium & small categories for agriculture and surveillance applications. The company had been shortlisted under the Production-Linked Incentive (PLI) scheme for drone manufacturing.
Dhaksha, incorporated in 2019, is one of the leading players in the drone space in India and provides a complete range of Unmanned Aerial Systems (UAS) technology solutions for different applications covering agriculture, defence, surveillance, and delivery, amongst others. The company is based out of Chennai and has over the years developed expertise in drone R&D, testing, manufacturing, and customer support.
Coromandel International Limited is amongst India's pioneers and leading Agri solutions providers, offering diverse products and services across the farming value chain. It operates in two major segments: Nutrient and other allied businesses and Crop Protection. Coromandel is a part of the INR 742 billion (INR 74,220 Crores) of the Murugappa Group.
Disclaimer: The article is for informational purposes only and not investment advice.