Zen Technologies has announced the receipt of a significant order from the Ministry of Defence, Government of India, valued at ₹295 crores (including GST). The order is for the supply of simulators, marking a substantial addition to the company’s order book. This development underscores Zen Technologies’ capability in delivering critical defence solutions and its strong relationship with government entities.
Major Defence Contract Awarded
Zen Technologies Limited has been awarded a significant order valued at ₹295 crores, inclusive of Goods and Services Tax (GST), from the Ministry of Defence, Government of India. This order pertains to the supply of simulators, a key product area for the company, and represents a material development in its business operations.
Order Details and Execution
The contract has been awarded by a domestic entity, the Ministry of Defence, Government of India. The nature of the contract is the supply of simulators, and it is expected to be executed within a timeframe of one year from the award date. This substantial order reinforces Zen Technologies’ position as a key supplier in the defence sector.
Zen Technologies has confirmed that this order does not fall within related party transactions and is conducted at an arm’s length basis. The company has provided detailed disclosures as required by the SEBI Listing Regulations.
Source: BSE
