Deals9 Oct 2026, 04:49 pm
Innovision Subsidiary Bags ₹1.97 Cr Drone Order from Indian Army
AI Summary
Innovision Ltd's subsidiary, Aerodrone Robotics Private Limited, has received a significant work order from the Indian Army, Ministry of Defence, for the supply of 225 units of 7-inch First Person View (FPV) Drones. The order, valued at INR 1,97,48,450.25 (approximately ₹1.97 Crore), is to be executed within 6 months. This contract, awarded under a domestic bidding process, marks a key development for the subsidiary and highlights its capabilities in supplying defense-grade drone technology.
Key Highlights
- Subsidiary Aerodrone Robotics received a work order from Indian Army.
- Order is for 225 units of 7-inch First Person View (FPV) Drones.
- Contract value is ₹1,97,48,450.25 (₹1.97 Crore).
- Execution timeline for the order is 6 months.
- Order falls within the ordinary course of business.
Price Impact
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