Rs 816.91 Crore Order Book: Defence Company Secures Rs 152,00,00,000 Order From Ministry of Defence
The stock gave multibagger returns of 660 per cent in 3 years and a whopping 5,850 per cent in 5 years.
Zen Technologies Limited has secured a significant order from the Indian Ministry of Defence, valued at approximately Rs 152 crore (inclusive of taxes), for the supply of their Integrated Air Defence Combat Simulator (IADCS) for the L70 Gun. This order underscores Zen Technologies' position as a leading provider of anti-drone technology and defence training solutions in India, and it highlights the nation's push for self-reliance in the defence sector. The IADCS, developed through Zen's internal research and development under the Make II category, represents a state-of-the-art virtual simulation system designed to enhance air defence operational training.
The IADCS aims to improve operator readiness and unit-level coordination by creating hyper-realistic virtual environments that simulate real-world scenarios. This reduces the reliance on costly and logistically challenging live training exercises. The system's scalability and adaptability offer substantial long-term operational and economic advantages. The order specifies that the delivery of the IADCS is to be completed within 18 months, reinforcing the immediate need for advanced training solutions within the Indian armed forces.
This contract further solidifies Zen Technologies' capability to design, develop, and deliver complex defence training solutions that align with national strategic interests and meet international standards. The order, awarded by the domestic Ministry of Defence, emphasizes the company's commitment to producing proprietary technologies and intellectual property that are crucial to the armed forces. The IADCS for the L70 Gun is a testament to Zen’s ongoing efforts to provide cutting-edge simulation systems that enhance the effectiveness of India’s defence capabilities.
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About the Company
Zen Technologies, a Hyderabad-based company established in 1996, is a leading provider of cutting-edge defence training solutions and anti-drone systems. With over three decades of experience, Zen has built a stellar reputation in defence training and combat readiness measurement for security forces. Zen specializes in the Indigenous design, development and manufacture of sensor and simulator technology-based defence training and anti-drone systems. Serving the Ministry of Defence, security forces, police, and paramilitary forces, Zen has a dedicated R&D facility in Hyderabad, recognized by the Ministry of Science and Technology, Government of India. Zen has filed for over 150 patents and has shipped more than 1,000 training systems worldwide.
The company has a market cap of over Rs 13,000 crore with a 3-year stock price CAGR of 140 per cent. As of December 31, 2024, the total order book is Rs 816.91 crore. The stock gave multibagger returns of 660 per cent in 3 years and a whopping 5,850 per cent in 5 years. Investors should keep an eye on this multibagger aerospace & defence stock.
Disclaimer: The article is for informational purposes only and not investment advice.