Latest news with #MiniUAVs
Time of India
12 hours ago
- Business
- Time of India
Army deploys drones to make rapid advances
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Army has started placing orders with Indian companies for a range of drones, loitering munitions and counter-drone systems as part of emergency procurements , cleared by the Rajnath Singh-led defence ministry, to boost operational some contracts have been inked to boost counterinsurgency capabilities, a much larger number is expected to be inked in the coming weeks as the ministry has given sweeping powers to the armed forces to quickly identify and purchase cutting-edge systems developed by the industry, besides replenishing ammunition and long-range, standoff of the systems purchased is Nagastra 1R advanced loitering system that can take down infiltrators and target enemy positions at shallow depths on the Line of Control. The Army has placed an order for 450 of the munitions with Solar Industries , valued at ₹158 crore. The cost-effective systems are already in use by the Army and the fresh batch has to be delivered within 12 order has been placed with ideaForge Secures for hybrid Mini UAVs, which have already been battle-tested and inducted into the Army's inventory for ISR (Intelligence, Surveillance, and Reconnaissance) operations. This is a fixed-wing VTOL (Vertical Take-Off and Landing) company said it went through a "rare and rigorous validation process" before the selection that included two independent high-power technical committees that verified the integrity and origin of Mini UAV's critical evaluation was carried out as the forces do not want any critical parts of the system to be of Chinese reported, the armed forces are focusing on long-range weapons , jammers, air defence systems and indigenous solutions for the 'new normal' approach against forces have drawn up a roadmap to award contracts worth thousands of crores, a large chunk of which is set to go to the private sector. Weapons worth ₹44,000 crore are likely to be ordered in the coming days, including ammunition for prolonged conflict. A special focus is on 'long range vectors', weapons that can be used from a standoff distance to strike deep into enemy forces are also looking to acquire jammers and low-level transportable radars in higher numbers in the coming months as they proved effective in thwarting large-scale drones attacks during Op armed forces are also likely to go in for a range of air defence capabilities to further strengthen the network that kept the Pakistani missile and drone barrage in check.
Mint
20 hours ago
- Business
- Mint
ideaForge share price: Drone stock hits upper circuit after THIS order book update
Small-cap drone maker ideaForge Technology's stock hit its upper circuit on Monday, 23 June 2025, after the company announced that it had bagged a mini drone manufacturing order worth ₹ 137 crore from the Ministry of Defence, according to an exchange filing. The order details show that the company will supply the Mini UAVs (drones) with their accessories within a time period of 12 months. 'This is to inform you that ideaForge Technology Limited has received an order worth approx ₹ 137 Crores (all inclusive) to supply Mini UAVs with accessories to Ministry of Defence,' said the company in the BSE filing. ideaForge is a Mumbai-based manufacturer of Unmanned Aircraft Systems (UAS) or drones for security, surveillance, and other purposes. Shares of the drone maker also surged more than 8 per cent in the second week of June as Israel's military strikes on Iran spiked the investors' interest in defence-related stocks. ideaForge shares surged during Monday's stock market session, hitting its upper circuit after gaining 10 per cent to ₹ 631.65 during the intraday session. Shares closed 10 per cent higher at ₹ 631.65, compared to ₹ 574.25 in the previous market close. The drone maker released the information on the Ministry of Defence drone order book update during the mid-stock market session on 23 June 2025. The stock has lost 51.27 per cent since its listing on the Indian stock market in July 2023. In the last one-year period, ideaForge shares are down 22.48 per cent. However, on a year-to-date (YTD) basis in 2025, the shares have gained 1.07 per cent, and are trading 19.78 per cent higher in the last one-month period. ideaForge shares hit their 52-week high levels at ₹ 864.10 on 12 July 2024, while the 52-week low level was at ₹ 301 on 7 April 2025, according to data collected from the BSE. The company's market capitalisation (M-Cap) was at ₹ 2,727.14 crore as of the stock market close on Monda, 23 June 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
21 hours ago
- Business
- Business Standard
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.
