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Defence stock jumps after it receives an order to manufacture 400 agricultural drones

Defence stock jumps after it receives an order to manufacture 400 agricultural drones

Paras Defence and Space Technologies Ltd shares gained 2.6 percent in Monday’s session. The shares rose after the company signed a Rs 42-crore deal with IFFCO Nano Fertilisers for 400 agri-drones. As per exchange filings, The company received a contract to manufacture 400 units of Agri-Drones for IFFCO Nano Fertilisers, including a two-year annual maintenance [...]
Robotics firm Addverb aims Rs 8,000 cr revenue in 5 years; to invest Rs 500 cr in manufacturing

Robotics firm Addverb aims Rs 8,000 cr revenue in 5 years; to invest Rs 500 cr in manufacturing

Reliance Retail-owned robotics firm Addverb expects to cross Rs 8,000-crore revenue mark in five years, with scaling up of manufacturing operations and diversifying target market base, a senior company official said. Addverb Technologies co-founder and CEO Sangeet Kumar told PTI that the company will invest Rs 500 crore in its Greater Noida-based robot manufacturing facility [...]