Ideaforge Technology Shares Surge on Rs 137 Crore Defence Ministry Order 8 days ago
Ideaforge Technology has received a ₹137 crore order from the defence ministry for mini UAVs with accessories, to be delivered within 12 months. This order is expected to boost the company's annual revenue by approximately 80%. Following the announcement, Ideaforge's shares rose 4.19% to ₹598.70, hitting the upper circuit. The order underscores the company's strong market position in the drone technology sector, particularly for defence applications.
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