Synopsis: India plans to buy military drones worth over ₹20,000 crore, boosting the domestic defence sector. Stocks such as Paras Defence, ideaForge, Zen Technologies, and other drone-related companies witnessed strong buying and notable price gains.
India is planning to buy military drones worth more than Rs. 20,000 crore from Indian companies. This will be the country’s biggest drone purchase so far. According to Smit Shah, President of Drone Federation India, the plan is in an advanced stage, and the drones are expected to be delivered within 18 to 24 months. The government may use a fast-track process to speed up the purchase.
The demand for drones has increased after recent conflicts around the world. India and Pakistan used drones during their clashes, showing how useful these machines can be in modern warfare. Wars in countries like Ukraine and conflicts involving Iran have also encouraged many nations to strengthen their drone capabilities.
Earlier, the Indian government had placed drone orders worth around Rs. 3,000 crore. In March, the Defence Ministry approved defence purchases worth about Rs. 2.38 lakh crore. These purchases include transport aircraft, missile systems, and armed drones, although the exact amount for drones was not announced.
India now has more than 600 companies involved in making drones and drone parts, with over 100 focusing on defence drones. Major companies such as Adani Group, Larsen & Toubro, and Tata Advanced Systems, along with startups like ideaForge, Newspace Research, and Asteria Aerospace, are expected to benefit from this large order. Here are a few listed stocks that could benefit from India’s planned ₹20,000 crore drone procurement programme:
Paras Defence and Space Technologies Limited
With a market capitalization of Rs. 7,165.42 crores, the share of Paras Defence and Space Technologies Limited has reached an intraday high of Rs. 918 per equity share, rising nearly 9.31 percent from its previous day’s close price of Rs. 839.85. Since then, the stock has retreated and is currently trading at Rs. 889.15 per equity share.
Paras Defence and Space Technologies Limited is an Indian company specializing in defence and space engineering solutions. It designs, develops, and manufactures advanced technologies and systems for defence, space, and industrial applications, playing a key role in India’s indigenous defence capabilities and private-sector space ecosystem.
Ideaforge Technology Limited
With a market capitalization of Rs. 3,898.81 crores, the shares of Ideaforge Technology Limited hit a 5 percent upper circuit of Rs. 898.60 per share on Thursday, up from its previous closing price of Rs. 855.85 per share.
IdeaForge Technology Limited is an Indian public company specializing in the design and manufacture of unmanned aerial vehicles (UAVs) and drone systems. Founded in 2007 and headquartered in Navi Mumbai, Maharashtra, it is recognized as a leading player in India’s defence and commercial drone market, serving security, surveillance, and industrial clients.
Zen Technologies Limited
With a market capitalization of Rs. 16,569.18 crores, the share of Zen Technologies Limited has reached an intraday high of Rs. 1,886.10 per equity share, rising nearly 11.78 percent from its previous day’s close price of Rs. 1,687.35. Since then, the stock has retreated and is currently trading at Rs. 1,833.15 per equity share.
Zen Technologies Limited is an Indian defence technology company that designs and manufactures combat training systems and counter-drone solutions for armed forces and security agencies. Headquartered in Hyderabad, it focuses on live, virtual, and constructive simulation to improve combat readiness.
RattanIndia Enterprises Limited
With a market capitalization of Rs. 5,393.62 crores, the share of RattanIndia Enterprises Limited has reached an intraday high of Rs. 41.40 per equity share, rising nearly 17.18 percent from its previous day’s close price of Rs. 35.33. Since then, the stock has retreated and is currently trading at Rs. 38.96 per equity share.
RattanIndia Enterprises Limited is an Indian publicly listed holding company that builds and invests in “new-age” technology and consumer businesses. It is the flagship of the RattanIndia Group, with interests spanning e-commerce, electric vehicles, drones, fintech and direct-to-consumer fashion.
Droneacharya Aerial Innovations Limited
With a market capitalization of Rs. 93.08 crores, the share of Droneacharya Aerial Innovations Limited has reached an intraday high of Rs. 39.45 per equity share, rising nearly 3.76 percent from its previous day’s close price of Rs. 38.02. Since then, the stock has retreated and is currently trading at Rs. 38.80 per equity share.
DroneAcharya Aerial Innovations Limited is an Indian drone technology and services company focused on training, aerial data solutions, and defence/enterprise applications of UAVs. Headquartered in Pune, it operates as a full-stack drone, defence and space-tech provider with clients across defence, infrastructure, and industrial sectors.
DCM Shriram Industries Limited
With a market capitalization of Rs. 339.44 crores, the share of DCM Shriram Industries Limited has reached an intraday high of Rs. 42.30 per equity share, rising nearly 12.29 percent from its previous day’s close price of Rs. 37.67. Since then, the stock has retreated and is currently trading at Rs. 39.02 per equity share.
DCM Shriram Industries Limited (DSIL) is a diversified Indian company with businesses in sugar, alcohol, industrial fibers, and chemicals. Headquartered in New Delhi, the company has also expanded into defence engineering and renewable energy. Through its defence division, DSIL is developing drone and anti-drone technologies for surveillance, security, and defence applications, supporting India’s growing indigenous defence ecosystem.
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