Zen Technologies shares rise 4% after Rs. 120 crore MoD order.
Shares of Zen Technologies Ltd surged by 4% following the receipt of a Rs. 120 crore order from the Ministry of Defence, Government of India, for the supply of a Comprehensive Training Node that includes various training simulators and equipment. This order, to be executed within a year, bolsters the company’s order book to Rs. 675.04 crore. Despite a decline in Q2 FY26 revenue and profits, the company has strategically expanded through four acquisitions, enhancing its capabilities in combat training and counter-drone solutions, further contributing to India’s defense indigenization efforts. This development underscores the growing investment in domestic defense technology and the importance of innovative solutions in strengthening national security.
