DroneAcharya Aerial Innovations Limited has submitted to Stock Exchange an intimation of receipt of Order from Indian Army for supply of First Person View (FPV) Drones worth INR 7.12 Crores
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Droneacharya Aerial Innovations has secured work orders worth ₹7.12 crores from the Indian Army (Ministry of Defence) for the supply of First Person View (FPV) Drones, covering both Digital and Analogue variants. The company was the only one to qualify in the Army's technical and field trials, and the Army later added an extra 25% quantity to the order due to the strong performance of DroneAcharya's systems. All deliveries are to be completed within 4 months. The contract is domestic, at arm's length, and unrelated to promoters. The company highlights this as a validation of its indigenous drone technology and a boost to its order book and defence sector positioning.
This is a positive development for shareholders — a direct defence order from the Indian Army strengthens revenue visibility and credibility in the defence tech space, though the ₹7.12 Cr size is modest in absolute terms. The 25% order expansion and sole-qualifier status could attract investor interest and support sentiment around the stock.