Aerpace Industries share hits 5% upper circuit after the company announced a collaboration with Cavok Engineering to increase the development of its large-size drone, capable of carrying a payload of 1.5 tons.
In the exchange filing, the company also shared, “The collaboration focuses on the design, analysis, and technical development of our aerWing, a drone intended to revolutionize cargo transport with a payload capacity of 1.5 tons. Cavok Engineering will leverage its vast experience, having worked on 14 UAM & UAV homologation/certification projects and 8 manned aircraft homologation projects. This experience will guide the aerWing through crucial technical milestones.”
The stock stock opened at ₹43.68. The stock hit a day high of ₹43.68 and a low of ₹41.60. Aerpace Industries’s 52-week high is ₹44.88, while the 52-week low is ₹2.56.
