ORDER FROM THE MINISTRY OF DEFENCE FOR ZEN TECH BAGS

World News

The Indian Government’s Ministry of Defence has placed an order of Rs. 72.29 crore with Zen Technologies. Chairman and managing director Ashok Atluri commented on the findings, saying: “This is another step in putting the framework for simulators that the government issued in September 2021 into practice. We anticipate that such ongoing implementation will improve training outcomes, result in cost savings, and promote environmental sustainability.

Zen Technologies offers anti-drone technologies and military training. It provides systems, tools, and simulations. More than 130 patent applications have been made at its specialized R&D center, which has been approved for use by the Ministry of Science and Technology.

In comparison to Q1 FY23, when the company’s standalone net profit was only Rs. 8.21 crore, Q1 FY24 saw a considerable increase to Rs. 47.13 crore. Net sales also increased dramatically, from Rs 33.23 crore in Q1 FY23 to Rs 132.45 crore in Q1 FY24.

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