Under Rs 100: EV & Drone Company Deploys L15 Cargo Drones to Aid Flood-Hit Andhra Pradesh – FIIs and DIIs Increase Stake!
The L15 drones, capable of carrying up to 20 kg and traveling 5 km one way with a 45-minute endurance, have been making approximately 30 sorties per day.
In response to the devastating floods in Andhra Pradesh, caused by relentless rains that have submerged roads, damaged power lines, and disrupted railway services, RattanIndia Enterprises has stepped up with a crucial aid effort. The floods have left thousands of families isolated, unable to access essential supplies such as milk, fresh water, and food.
To address this urgent need, RattanIndia Enterprises a flagship Small-Cap company of Rattanindia Group has deployed its L-Series cargo drones, specifically the L15 model, to support local authorities in delivering vital supplies. The L15 drones, capable of carrying up to 20 kg and traveling 5 km one way with a 45-minute endurance, have been making approximately 30 sorties per day. These drones are equipped to deliver milk packets, water bottles, food, vegetables, and groceries directly to affected areas.
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Operating with limited pilot supervision, the L-Series drones are programmed for auto-mode and are designed to withstand tough terrains and wind speeds. The drones take off from nearby bridges and hover over buildings, allowing residents to retrieve essentials without leaving their homes.
Anjali Rattan, Chairperson of RattanIndia Enterprises, expressed her commitment to disaster relief, stating, “RattanIndia’s mission is to solve problems through technology that creates sustainable value for society. It pains me to see the suffering of our people during the recent floods. In times of crisis, it is our duty to leverage our drone technology to provide swift and effective support. Our drones are bridging the gap and ensuring we connect the last mile, and we are committed to standing by the affected communities and assisting in every possible way.”
On Friday the shares of RattnaIndia Enterprises closed at Rs 77.94 each on the BSE. The company’s current market capitalization stands at Rs 10,773 crore. Additionally, the shares have delivered around 23 per cent return in the past 1 year.
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Disclaimer: The article is for informational purposes only and not investment advice.