Zen Technologies Share Price Rises on Rs 152-Crore Defence Order

Market Performance

On March 28, 2025, shares of Zen Technologies Ltd increased by approximately 4% during early trading following the announcement of a new defence contract. By 10:00 am, the stock was trading at Rs 1509.70 per share, reflecting a 3.60% gain. The day's trading range spanned from Rs 1,482 to Rs 1,530, with a recorded volume of 363,697 shares.

Defence Contract Announcement

Zen Technologies Ltd has secured a Rs 152-crore contract, including taxes, from the Ministry of Defence, Government of India. This order involves the supply of the Integrated Air Defence Combat Simulator (IADCS) for the L70 Gun. The agreement marks a step forward in advancing India's self-reliance in defence technology and air defence training.

The IADCS developed entirely through Zen Technologies' in-house research and development under the "Make II" category, provides advanced virtual training for air defence operations. The simulator is designed to improve operator readiness and enhance unit-level coordination while minimizing the need for expensive live drills.

Company and Product Details

Zen Technologies Ltd specializes in the design and development of military training simulators. The IADCS is a virtual simulation system that provides realistic air defence training. The simulator aims to reduce training costs while improving operational efficiency and readiness.

The successful execution of this contract reinforces Zen Technologies' position as a key player in the defence simulation market. The company also anticipates potential export opportunities for the IADCS, particularly among countries operating legacy air defence platforms like the L70 gun.

Summary

Zen Technologies Ltd.'s share price rose following the announcement of a Rs 152-crore contract from the Ministry of Defence. The contract focuses on delivering the Integrated Air Defence Combat Simulator (IADCS), which enhances training capabilities and supports India's push for technological self-reliance. The company's in-house development of the IADCS strengthens its position in the defence technology sector and opens potential avenues for future exports.