DroneAcharya Aerial Innovations shares rose by 5% during early trade on March 18, as the Indian Army awarded the company the contract to supply IT hardware for drone lab in Jammu and Kashmir.
At 9:41 am, DroneAcharya Aerial Innovations was quoting at ₹143.95, rising 3.60 percent on the Bombay Stock Exchange .
The contract involves supplying crucial IT hardware, including CPUs, monitors, keyboards, and mice for the drone lab. It is a welcome development as the Indian Army takes this essential step in the establishment and subsequent operation of a new drone lab.
Commenting on the new deal, DroneAcharya’s founder and managing director, Prateek Srivastava said: “We are honored to have received this contract from the Indian Army to set up the Drone Lab in J&K.” This contract proves that DroneAcharya remains committed to using technology to champion key national security technologies while becoming a trusted partner in this sector.
“This contract represents a significant milestone for DroneAcharya, and we are proud to support defense initiatives that contribute to national security and technological advancement,” he added.
