The Indian drone sector is expanding significantly as a result of new opportunities offered by the Indian government’s. By 2030, India aims to be a global drone centre. The Indian drone industry is expected to grow from Rs. 2,900 Cr in 2020 to Rs. 2,95,000 Cr by 2030.The indigenization development is accelerating the drone industry in rapid phase.
Here are Four Top Drone Manufacturing Stocks
Paras Defence and Space Technologies Ltd
Paras Defence and Space Technologies is a company that designs, develops, produces, and tests a wide range of defence electronics and space application products.
Paras Defence and Space Technologies shares were trading at Rs 673.95 on wednesday, down 0.73 percent from the previous close price,with a market capitalization of Rs 2,626 crores.
Paras Aerospace is the only drone company to have indigenous camera payload manufacturing along with electronics, advanced composite and hardware capabilities.
During the fiscal year FY 22-23, the business introduced the PARAS.AI (artificial intelligence) drone information technology solution to meet the data processing needs of the powerline, solar, wind, mining, and pipeline inspection sectors.
Ideaforge Technology Ltd
IdeaForge is the pioneer and the preeminent market leader in the Indian unmanned aircraft systems (UAS) market, with a market share of approximately 50 percent.
Ideaforge Technology Ltd shares were trading at Rs 1,133.95 on Wednesday, down 1.78 percent from the previous close price,with a market capitalization of Rs 4,725 crores.
IdeaForge holds the distinction of deploying its largest fleet of indigenous UAVs in India, with one ideaForge drone taking off every 5 minutes on average for surveillance and mapping purposes. In addition, the firm ranked seventh in the world among dual-use drone producers (civil and defence).
Furthermore,the company has its 62+ pending patent applications and order book size of Rs 192.3 cr as of March 23.
Rattanindia Enterprises Ltd.
RattanIndia Enterprises Limited engaged in new generation technology enterprises such as e-commerce, electric cars, finance, and drones.
Rattanindia Enterprises Ltd shares were trading at Rs 42.10 on Wednesday, up 3.31 percent from the previous close price,with a market capitalization of Rs 5,819 crores.
RatanIndia Enterprises Ltd has released two new drones that would work as a catalyst in boosting the ‘drone delivery’ sector.
Company has purchased a 60 percent stake in Bengaluru-based Throttle Aerospace Systems Private Limited (TAS) in the previous fiscal year,This acquisition has helped the company to provide full 360 degree drone solutions to customers covering categories.
Droneacharya Aerial Innovations Ltd
DroneAcharya Aerial Innovations provides drone solutions for mining, agriculture, oil and gas, powerlines, motorways, shipping, and urban and rural planning.The firm offers a whole ecosystem of drone solutions for multi-sensor drone surveys, drone data processing, high-configuration hardware for drone delivery, drone-in-a-box solutions for automated survey and surveillance.
Droneacharya Aerial Innovations Ltd shares were trading at Rs 143.55 on Wednesday, up 0.07 percent from the previous close price,with a market capitalization of Rs 347 crores.
DroneAcharya Aerial Innovations Ltd has announced a collaboration with Gridbots Technologies Private Limited for the production of drones and other products. Through this collaboration the company is working in the fields of nuclear, space, and industrial robotics for commercial manufacture, assembly, and export of drones and related goods.
Written by Omkar Chitnis
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