ideaForge Technology Limited announced on June 23 that it has received a significant order worth approximately Rs 137 crore from the Ministry of Defence for the supply of Mini Unmanned Aerial Vehicles (UAVs) along with accessories. The order is expected to be executed within a 12-month period.
According to the company’s regulatory filing, the contract is domestic in nature and does not fall under related-party transactions. It also clarified that no promoter or promoter group entities have any interest in the awarding body. The order involves a complete supply of Mini UAVs and associated accessories, marking another major step forward for ideaForge’s contribution to India’s defence capabilities.
ideaForge, headquartered in Navi Mumbai, is known for its indigenous drone manufacturing and has previously supplied UAVs for various strategic and surveillance applications.
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