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Zen Technologies wins Rs 72.29-crore order from defence ministry

Aug 31, 2023

By: BlinkX Research Team

Zen Technologies Limited announced bagging a Rs 72.29-crore order from the defence ministry.

"This is one more step towards implementing the Framework on Simulators that the Government released in September 2021. We expect such continuing implementation to lead to better training outcomes, cost savings, and sustainability of the environment," chairman and managing director Ashok Atluri said.

Zen Technologies is a military training and anti-drone solution provider.

Zen Technologies' net profit increased 532 percent to Rs 47.08 crore in Q1FY24, from Rs 7.4 crore the previous year. It also announced new orders totaling Rs 202 crore. Revenue from operations increased 257 percent to Rs 132.45 crore in Q1 FY23, from Rs 37.07 crore.

Source: Media Reports