Zen Technologies bags Rs 120 crore defence order from Ministry of Defence
ZENTEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.2 pts more than Nifty Smallcap 250 and 1.9 pts more than its Aerospace & Defense peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Zen Technologies has received orders worth Rs 120 crore (including GST) from the Ministry of Defence, Government of India. The order is for supply of Comprehensive Training Node (CTN), a suite of training simulators and equipment, to be executed within a year. It is a domestic order with no related party involvement.
Positive — significant domestic defence order strengthens the order book and adds strong revenue visibility for the coming year.