Drone stock engaged in providing a high-end ecosystem of Drone solutions to government and well-known private players has received a significant service order from the Adani Group to provide DGCA-certified drone pilot training.
With a market capitalization of Rs. 350 Crores, the shares of Droneacharya Aerial Innovations Limited were trading at Rs. 146.25, down 3.69 percent from its previous day’s close price of Rs.151.85.
Droneacharya Aerial Innovations Limited has received a significant service order from the Adani Group to provide DGCA-certified drone pilot training marking a notable milestone in adopting drone technology within large-scale enterprises like Adani.
The significance of this order lies in the endorsement of drones for mapping, monitoring, and inspection purposes within Adani’s diverse operations spanning energy, infrastructure, logistics, resources, and agribusiness
Mr. Prateek Srivastava, the Founder and Managing Director of DroneAcharya says “The utilization of drones by a prominent player like Adani not only signals a significant advancement but also catalyzes similar companies to embrace this innovative technology.
Drones offer multifaceted benefits including volume estimation, asset inspection, hotspot detection, crop health monitoring, surveillance, encroachment detection, and customized project-related requirements”.
Droneacharya Aerial Innovations Limited is engaged in providing a high-end ecosystem of Drone solutions for multi-sensor Drone surveys, data processing of Drone data using robust high-configuration workstations, Drone pilot training, and specialized GIS training.
Its revenue from operations grew by 417.27 percent from Rs. 3.59 Crores in FY22 to Rs. 18.57 Crores in FY23, accompanied by increasing profits of Rs. 0.41 Crore to Rs. 3.43 Crore.
Written by: Bharath K.S
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