The uptick in ideaForge Technology share price came after the company secured two orders worth ₹107 crore from the Ministry of Defence.
City-based drone maker ideaForge Technology Ltd on Friday said it has secured a supply order worth about Rs 100 crore from the Indian Army for its next-generation tactical unmanned vehicle Zolt and all-terrain VTOL drone, SWITCH 2. The capital emergency procurement order for its Zolt is valued around Rs 75 crore, following an extensive and rigorous evaluation process -- extensive field trials in electronic warfare (EW) environments and stringent country of origin checks, while the SWITCH2 order is valued at Rs 30 crore, ideaForge said. The company had launched the two UAVs at the Aero India show in Bengaluru earlier this year. Zolt is a multi-role platform capable of long-range ISR (intelligence, surveillance and reconnaissance) and precision payload delivery, and is purpose-built for present-day defence operations, combining performance, autonomy, and resilience for ISR while SWITCH 2 is already battle tested and inducted into the Army's arsenal for ISR operations, ideaForge ...
City-based drone technology company IdeaForge Technology Ltd on Wednesday unveiled its mapping drone for a host of applications, including glacier mapping, complex urban landscapes surveys, conducting dense forest studies, or monitoring industrial corridors. The global debut at the company's inaugural customer event marks a significant milestone in IdeaForge's mission to equip industries, government agencies, and researchers with cutting-edge aerial mapping and intelligence capabilities, it said. The latest survey-grade UAV, purpose-built to map anything, anywhere, with all-terrain performance, even in the most extreme environments, offers more than 50 minutes of flight time with a LiDAR payload, under 7 kg take-off weight, among others, IdeaForge said. The Q6V2 GEO enables urban planning teams to build 3D city models and conduct infrastructure audits, helps the mining sector calculate volumes and automate compliance reports, and supports utility companies with tower inspections and
Technical charts show that defence stocks such as BDL, Mazagon Dock, Cochin Shipyard, ideaForge and GRSE can fall another 18% from here; check support levels each defence shares here.
Ideaforge Technology share price tanked after posting weak set of results in the June quarter of financial year 2026 (Q1FY26).
Shares of Ideaforge Technology moved higher by 4% to ₹654.40, bouncing back 9% from its intra-day low of ₹603 on the BSE on Tuesday.
Drone technology firm ideaForge Technology has secured an order worth about Rs 137 crore for hybrid mini unmanned aerial vehicles systems from the Indian Army through the emergency procurement route, the company said on Monday. ideaForge said a key requirement during the assessment for the selection of unmanned aerial vehicles (UAV) was that all critical sub-components must be sourced from non-border-sharing nations, and that the platform be substantially indigenous in capability and design. "ideaForge Technology has secured a significant win through the emergency procurement route. The order, valued at approximately Rs 137 crore, has been placed by the Indian Army for its high-performance hybrid Mini UAV systems, which are already battle-tested and inducted into the Army's inventory for ISR (Intelligence, Surveillance, and Reconnaissance) operations, the company said in the statement. The company has its research and development and manufacturing units in Navi Mumbai, Bengaluru, ..
Defence stocks look promising due to the ongoing geopolitical tussle between Iran and Israel; moreover, the Indian government is likely to enhance defence spending over the next decade.