This Drone Company Bags A New Order Worth Rs 50,44,000 From The Indian Institute of Technology (IIT) Ropar

As of March 2024, FIIs bought 1,71,000 shares and increased their stake to 2.02 per cent compared to 1.31 per cent in September 2023.

DroneAcharya Aerial Innovations Limited has secured a significant service order from the Indian Institute of Technology (IIT) Ropar worth Rs 50.44 lakh. This order will involve training 150 individuals in drone technology as part of the Punjab Skill Development Mission (PSDM). The training is being conducted under a Memorandum of Understanding (MoU) between IIT Ropar and the Centre for Training and Employment of Punjab Youth (C-PYTE), Government of Punjab. DroneAcharya will provide specialized drone pilot training to the selected individuals, adhering to the guidelines set by the Directorate General of Civil Aviation (DGCA). The training program will be executed in 14 batches, starting in August 2024 and concluding in January 2025. DroneAcharya is excited about this opportunity to contribute to the growth of India's industrial sector through its expertise in drone technology and training.

About DroneAcharya Aerial Innovations Ltd

DroneAcharya Aerial Innovations Ltd is a leading provider of drone-based solutions, dedicated to pushing the boundaries of innovation in aerial technologies and AI-driven applications. With a focus on delivering cutting-edge solutions, DroneAcharya is committed to transforming industries through the integration of drones and automation. As of March 2024, FIIs bought 1,71,000 shares and increased their stake to 2.02 per cent compared to 1.31 per cent in September 2023. The company has a market cap of over Rs 300 crore.

According to standalone annual results, the net sales increased by per cent 95.2 per cent to Rs 37.35 crore and net profit increased by 81.4 per cent to Rs 6.20 crore in FY24 compared to FY23. In its consolidated annual results, the net sales increased by per cent 94.9 per cent to Rs 37.29 crore and net profit increased by 79.2 per cent to Rs 6.13 crore in FY24 compared to FY23.

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

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