Ideaforge Tech hits the roof on bagging Rs 137-cr defence order for Mini UAVs
Ideaforge Technology hit an upper limit of 10% at Rs 631.65 after the company secured an order worth approximately Rs 137 crore, inclusive of all charges to supply Mini UAVs with accessories to Ministry of Defence.
As per the significant terms and conditions, the delivery is to be completed within 12 months.
The promoter, promoter group, and group companies have no interest in the entity that awarded the order.
Additionally, the order does not fall within related party transactions.
Ideaforge Technology (ideaForge) is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems (UAS) market. It had the largest operational deployment of indigenous UAVs across India.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Gazette
31 minutes ago
- India Gazette
"India today has become leader of digital world," says Jyotiraditya Scindia at World WiFi Day program in Delhi
New Delhi [India], June 24 (ANI): Union Minister for Communications and Development of the Northeastern Region Jyotiraditya Scindia on Tuesday highlighted India's growing digital strength and achievements in telecom technology. Scindia said the World Wi-Fi Day is important because it highlights how Wi-Fi removes barriers to information and empowers people. Addressing the programme, Jyotiraditya Scindia said, 'On this World Wi-Fi Day, let me first of all congratulate you all. It's a day that must be celebrated across the world. Because it is a day that, as I said, removes the shackles, which were once limited to access to capital, which were once limited to access to infrastructure, and now are limiting mankind from access to information.' He called Wi-Fi an invisible force that drives real change by giving people the freedom to connect, create, and grow. 'Therefore, this World Wi-Fi Day is extremely seminal. It puts into perspective a day to celebrate an invisible form of power and energy capable of powering visible change. And that truly represents the power of Wi-Fi. It is a day when we sit back and look at the capability that this energy gives us. It gives us the freedom to connect. It gives us the freedom to create. And it gives us the freedom to rise,' Scindia said. Scindia said India has joined an elite group of countries by developing its own 4G technology, thanks to collaboration between public and private companies like CDOT, Tejas, and TCS. He added that India is now a global leader in digital technology, reaching from Wi-Fi to satellite, and leading the world in digital transactions. 'Today, a public sector company like CDOT combines with a private sector company like Tejas, with an Indian SI like TCS, and we produce our own 4G stack, becoming only the fifth country in the world to have telecom technology. And India today has become the leader. We have become the leaders of the digital world across the globe,' he added. Scindia said India now accounts for 46 per cent of all digital transactions worldwide, surpassing countries like the US, China, and Europe. Highlighting the government's rural-first approach, he said that 5G use cases are being launched not in major cities, but in 13 villages across states from Andhra Pradesh to Madhya Pradesh. 'You would be amazed that 46 per cent of the digital transactions in the world happen in India. Not the US, not all of Europe, not China, but in India. But we have, as the old adage goes, miles to go before we sleep. We are not starting on 5G use cases in cities. We are starting with 5G use cases in 13 villages across the country, from Andhra Pradesh to Madhya Pradesh,' he added. (ANI)
India Gazette
32 minutes ago
- India Gazette
Wi-Fi segment to be worth $22 billion by 2035 in India: Union Minister Jyotiraditya Scindia
New Delhi [India], June 24 (ANI): Union Minister for Communications and Development of North Eastern Region, Jyotiraditya Scindia, in his keynote address at the World Wi-Fi Day Conference organised by the Broadband India Forum, stated that Wi-Fi will be a $22 billion segment in India by 2035, playing a transformative role in the nation's digital journey. Describing Wi-Fi as 'an invisible force capable of powering visible change,' Scindia hailed India's rapid strides in digital inclusion, noting that India now contributes 46 per cent of global digital transactions. He emphasised that connectivity is no longer a luxury, but a fundamental tool of empowerment, akin to access to capital and infrastructure in previous eras. 'Wi-Fi is not just about internet access; it's about widespread inclusion in India in the future. Every hotspot must become a hope spot,' said Scindia, outlining a vision for grassroots entrepreneurship driven by affordable devices, ubiquitous networks, and deregulated spectrum. He underscored Prime Minister Modi's vision behind PM-WANI (Wi-Fi Access Network Interface) as a game-changer that democratises digital access, especially in villages. Citing the success of India's low-cost data model, Rs 9 per GB compared to the global average of $2.49, he praised India's leadership in telecom affordability. Highlighting the recent de-licensing of the 6 GHz spectrum, the Minister said this move will enable multi-gigabit speeds and low-cost digital highways across India. Policy rules for the same will be announced before Independence Day 2025, he added. Scindia also called on industry stakeholders to innovate for affordable devices, ensuring that hardware does not become the next barrier to connectivity. 'Connectivity is not a commodity; it is an act of nation-building,' he concluded, urging collective commitment to light up every rural home, empower every aspiring mind, and fortify public services with the power of Wi-Fi. (ANI)
Time of India
32 minutes ago
- Time of India
Glottis, Amanta Healthcare receive Sebi nod to raise capital via IPO
Logistics firm Glottis and pharma company Amanta Healthcare have received Sebi's approval to launch IPOs. Glottis plans to raise up to Rs 160 crore via a fresh issue and an OFS of 1.45 crore shares. Amanta will issue 1.25 crore fresh equity shares. Both companies refiled their DRHPs earlier this year after previously withdrawing their IPO plans. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Markets Logistics services provider Glottis Limited and pharmaceutical firm Amanta Healthcare have received approval from the Securities and Exchange Board of India (Sebi) to raise capital through initial public offerings (IPOs), according to regulatory Glottis, an integrated logistics firm focused on the energy supply chain, has secured SEBI's approval to launch its IPO. The offer comprises a fresh issue of equity shares worth up to Rs 160 crore and an offer for sale (OFS) of up to 1.45 crore equity shares by its promoters, as per the Draft Red Herring Prospectus (DRHP).Under the OFS, promoters Ramkumar Senthilvel and Kuttappan Manikandan will offload 72.5 lakh equity shares company, which filed its draft papers with Sebi in February 2025, received its observation letter on June 16, 2025. In Sebi's terminology, an 'observation' indicates regulatory clearance to proceed with the from the fresh issue will be utilised for capital expenditure towards the purchase of commercial vehicles and containers, and general corporate is a leading multimodal logistics service provider, specialising in end-to-end supply chain solutions for the energy sector. Its services span ocean and air freight forwarding, road transportation, warehousing, cargo handling, third-party logistics (3PL), and customs clearance. In FY24, the company handled 95,000 the fiscal year ended March 2024, Glottis reported revenue from operations of Rs 497 crore and a net profit of Rs 30.9 crore. In the first half of FY25, it posted revenue of Rs 436 crore and net profit of Rs 31.2 Capital Advisors Private Limited is acting as the sole book-running lead manager for the issue. The equity shares are proposed to be listed on both BSE and company Amanta Healthcare has also received the regulator's nod for its IPO, which will comprise a fresh issue of up to 1.25 crore equity shares, as outlined in the Ahmedabad-based company, promoted by Bhavesh Patel, initially filed IPO papers in September 2024 but withdrew them in January 2025 without disclosing a reason. It refiled the draft prospectus in February in 1994, Amanta manufactures sterile liquid and parenteral products used when drugs cannot be administered orally. It also produces medical currently holds 113 active product registrations with international regulatory authorities.
