Zen Technologies Hits the Bullseye: ₹152 Crore Defence Deal as reported on WOWNEWS24x7 on March 27, 2025 18:39, Boosts Shares by 2.2%!

Zen Technologies Ltd (ZETE.NS) saw its share price jump significantly, up 2.2% to ₹1,475.95 on the National Stock Exchange (NSE) after it won a major order from the Ministry of Defence. The firm has been given a ₹152 crore contract for the delivery of an Integrated Air Defence Combat Simulator (IADCS) for the L70 Gun. This agreement is to be signed within 18 months and reflects India's intent to boost its defence capability with indigenous technology.

 

Points to Note:

 

Order Details: Zen Technologies secured a ₹152 crore contract for an Integrated Air Defence Combat Simulator for the L70 Gun.

 

Market Reaction: Shares gained 2.2%, closing at ₹1,475.95 on March 27, 2025, after the announcement.

 

Financial Performance: The firm posted a net profit of ₹38.62 crore for Q3 FY25, down by 40.8% from the last quarter.

 

Future Outlook: The order solidifies Zen Technologies' place as one of India's top defence training solution providers and helps the nation achieve technological self-sufficiency.

 

This development indicates continued expansion for Zen Technologies and the strategic value of defence deals in supporting its financial performance.

 

Sources: Upstox, Economic Times