Zen Technologies Secures ₹177.5 Crore Order from Ministry of Defence
Zen Technologies Limited received an order worth ₹177.5 crore from the Ministry of Defence for upgrading and integrating Tank and Crew Gunnery Simulators. The order is from a domestic entity and will be executed within a year.
The order value of ₹177.5 crore is significant and is expected to have a material impact on the company's financial performance.
The company has secured a substantial order from a key government entity, which is positive for its business and revenue prospects.
Zen Technologies Limited has announced the receipt of a significant order valued at ₹177.5 crore, including GST, from the Ministry of Defence, Government of India. This order pertains to the upgradation and integration of Tank and Crew Gunnery Simulators. The contract is with a domestic entity and is expected to be executed within a year.
This development is in compliance with Regulation 30 of the SEBI Listing Regulations. The company has confirmed that there are no promoter or promoter group interests in the entity awarding the contract, and the order does not fall within related party transactions. Zen Technologies Limited is certified with ISO 9001:2015, ISO 27001:2022, and CMMI ML5.
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Zen Technologies Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Zen Technologies Limited. Read the original for the full detail.