Shares of DroneAcharya surge on securing contract by Ministry of Defence
This significant milestone marks a growing embrace of FPV technology by the Indian Army for tactical missions.
About the contract
DroneAcharya Aerial Innovations Limited takes flight in a new direction, securing a prestigious contract to train Indian Army personnel in First Person View (FPV) drone piloting by the Ministry of Defence, Department of Military Affairs, Government of India. This significant milestone marks a growing embrace of FPV technology by the Indian Army for tactical missions.
The comprehensive 15-day training program boasts a robust curriculum. Theory sessions delve into the latest regulations set by the Directorate General of Civil Aviation (DGCA) and emergency protocols. Simulator training refines drone flying skills in a controlled environment, followed by practical on-ground exercises to solidify learning. Upon completion, candidates undergo rigorous examinations before receiving their well-deserved completion certificates.
This initiative signifies a giant leap forward in integrating drones into India’s defence framework. FPV drones have become potent tools in modern warfare, acting as force multipliers in asymmetric conflicts. DroneAcharya, with its expertise and experience, is perfectly equipped to deliver exceptional training programs.
“FPV drones are ideal low-cost options for counterinsurgency, Line of Control (LOC)/Line of Actual Control (LAC) operations and mechanized operations,” says Prateek Srivastava, Founder and Managing Director at DroneAcharya. “Their effectiveness has been proven in recent conflicts. We are honoured to be entrusted with this vital responsibility by the Indian Army and are committed to delivering training of the highest standards.”
DroneAcharya takes immense pride in being the Indian Ministry of Defence’s trusted training partner. The company is dedicated to continuously improving its offerings, fostering greater engagement in the future. This contract serves as a testament to DroneAcharya’s unwavering commitment to bolstering the capabilities of the Indian Armed Forces with cutting-edge technology and innovative training solutions.
Share Price Movement
At present, the shares of the company are trading at Rs 158.05 up by 2.65 points or 1.71% as compared to the previous day’s closing of Rs 155.40. Today, the share price opened at Rs 158.55 and touched intraday highs and lows of Rs 160.80 and Rs 155, respectively.
About Company
Droneacharya Aerial Innovations, a company based in Pune, Maharashtra, was incorporated in 2017 as a Private Limited Company under the Companies Act, 2013. In 2022, it was converted to a Public Limited Company, and a Fresh Certificate of Incorporation was issued. The company focuses on drone-as-a-service (DaaS) and Geographic Information System (GIS) solutions. Its recent partnership with TSAW Drones, a drone logistics startup in New Delhi, is a significant milestone in the Indian UAV industry. Aerial IQ, with their tether drone product Aviral, has agreed to become a service provider for Droneacharya’s surveillance requirements.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.
