Zen Technologies Eyes New Orders For Drone, Simulator Verticals; Expects Rs 550 Cr Revenue In 3 Years
The Zen Technologies stock has been busting the charts. It has gained over 75 percent in the last seven trading sessions. In the last one month, the stock has been up about 86 percent and is currently trading at around Rs169 on the NSE. The company provides defence training solutions and also provides drones and anti-drones solutions. As recent as September 3, the company bagged a major order worth about Rs 155 crore from the Indian Air Force.
Ashok Atluri, CMD, Zen Technologies, is confident of winning many more orders for both, the drone and simulator verticals. He also said that achieving revenues of Rs 550 crore in the next three years looks easy right now.
For the longest time, the worry for the company was winning orders but now the company is a little secured on that front. In an interview with CNBC-TV18, Atluri said, “The current orderbook position stands at about Rs 400 crores. Export order is about 120 crores and counter drone order is about 100 crores and both have to be…