This smallcap stock gains after bagging first export order worth Rs 35 crore

Due to this positive news, this stock got investor attention which made it open at Rs 212.00 from the previous day close of Rs 205.15.

Zen Technologies Limited has signed an export contract worth Rs 35 crore with one of its important Middle East customers. The order includes Live Simulation equipment which approximately equals Rs 19.7 crore and is expected to be executed in the next 3 quarters. In the operation and maintenance order value it is worth Rs 15.4 crore, which is expected to be executed in 4 years. Zen Technologies emerged as the winner against tough competition from Europe and USA.

Its total order book position as of date is Rs 427.79 crore. With the current order win, the order book as on date stands as follows,

1. In Domestic - Equipment – Rs 155 crore, Services – Rs 114 crore, totals to Rs 269 crore.

2. In exports - Equipment – Rs 143 crore, Services – Rs 15.39 crore, totals to Rs 158.79 crore.

Background

Zen Technologies Limited is a pioneer and leader in providing world-class state-of-the-art Defence Training Solutions, Drones and Anti-Drone solutions and has a proven and impeccable track record in building training systems for imparting defence training and measuring combat readiness of security forces.

The company is engaged in indigenous design, development and manufacture of sensors and simulators technology-based defence training systems and has relentlessly been providing Defence Training Solutions and seamless services to Ministry of Defence (Armed Forces), Security Forces Police, Para-military forces and is privileged to have served the nation for over 25 years.

The company manufactures land-based military training simulators, driving simulators, live range equipment and anti-drone systems. With a dedicated R&D (recognized by the Ministry of Science and Technology, Government of India) and production facility in Hyderabad, the company has applied for over 109 patents and shipped more than 1000 training systems around the world.

At noon, Zen Technologies was trading at Rs 208.75, up by 1.75% on November 23, 2021.