Big Order Alert: This drone company receives order worth USD 12,60,000 from Triconix Industrials Solutions QFZ LLC!

The stock is up by 50 per cent in just 6 months.

DroneAcharya Aerial Innovations Limited informed that the company has secured a US 12,60,000 (Rs 10.5 crore) order for the supply of survey/surveillance drones and IT hardware, drone data acquisition and processing services and supply of decision support system/project management software in Qatar. The order has been placed by Triconix Industrials Solutions QFZ LLC, a certified IMS (Integrated Management System) company, based in Qatar, for an end user in Oil and Gas sector.

Earlier, the company signed a Franchise deal with Wollstone Capital SA, a Company based out of Switzerland is a private investment holding company. The major purpose of the partnership is to open thirty (30) Remote Pilot Training Organizations (RPTO) across India to boost Drone sales, services and certified training. The deal entered between DroneAcharya and Wollstone amounts to USD 2.7 million (Rs 23 crore).

Additionally, the company has launched BHUJANG (Battlefield Hybrid UAV for Joint Attack, Navigation and Guarding), a heavy lift-off, super-high-altitude, long-range drone with multiple capabilities. The drone BHUJANG is India’s First Super High Altitude Multi Rotor Multi-Role Drone, achieving an astonishing altitude of 1,500-meter AGL (Above Ground Level) from a 4,800-meter-high take-off point, with a maximum altitude of 6,300 meters.

Incorporated in 2017, Droneacharya Aerial Innovations Limited provides a high-end ecosystem of Drone solutions for multi-sensor Drone surveys and data processing of Drone data. The company has a market cap of Rs 430 crore and reported positive numbers in its half-yearly results and annual results.

On Thursday, shares of Droneacharya Aerial Innovations Ltd plunged 0.97 per cent to Rs 179.10 per share with an intraday high of Rs 190 and an intraday low of Rs 177.20. The stock is up by 50 per cent in just 6 months and up 78 per cent since its listing on BSE i.e., December 23, 2023. Investors should keep an eye on this micro-cap drone stock.

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