₹100 Cr Defence Deal Alert! Indian Army Orders New Drones from ideaForge - Huge Boost for Investors!

Author

Simar Singh | Whalesbook News Team

Detailed Coverage:

ideaForge Technology Ltd announced significant wins on Friday, November 14, securing multiple major defence contracts totaling over ₹100 crore. The Indian Army placed an order worth approximately ₹75 crore for the company's newly developed ZOLT tactical UAV, which is designed for long-range surveillance, reconnaissance, and precision payload delivery. Deliveries for ZOLT are slated to commence within 12 months. Additionally, the company received an order for about ₹30 crore for its high-performance hybrid SWITCH V2 UAV, a platform already proven in battle and used in the Army's ISR operations. These are expected within six months. The ZOLT was unveiled at Aero India 2025, marking a step forward in ideaForge's next-generation offerings.

Impact This news is highly positive for ideaForge Technology Ltd, reinforcing its position as a key domestic drone manufacturer and partner in India's defense modernization. The substantial orders are expected to boost the company's revenue and investor confidence, potentially driving its stock performance. Rating: 8/10.

Difficult terms UAV (Unmanned Aerial Vehicle): An aircraft without a human pilot on board, operated remotely or autonomously. ISR (Intelligence, Surveillance, and Reconnaissance): Operations focused on gathering information about an adversary or a specific area. Capital Emergency Procurement: A process allowing armed forces to quickly procure essential equipment during emergencies or critical needs. Aero India: A biennial aerospace and defence exhibition held in India. Indigenisation: The process of developing and manufacturing products domestically within a country. Electronic warfare resilience: The ability of a system to operate effectively even when subjected to electronic attacks or jamming.