Carborundum Universal Ltd, engaged in manufacturing of abrasives and industrial-ceramics, has collaborated with drone maker IdeaForge Technology to jointly develop products to make drones lighter, stronger and more durable, the companies said on Thursday. The two companies will develop the drones through cutting-edge nanomaterial reinforced composite parts which hold the promise of transforming structural parts for aerospace applications, a joint press release said. The 'nanomaterial composite materials' offer several improvements over standard composite materials, including higher mechanical strength, greater toughness, and better electrical and thermal conductivity, it added. "The use of nanomaterial reinforced composites in drones offer several exciting possibilities such as higher specific modulus or strength and is likely to shape the future of airframe and related structural components of drones," IdeaForge Technology Senior Director of Engineering Sunil Jha said. "We are ...
Stocks to watch on August 16, 2023: Shares of IndiGo are likely to be in focus amid reports of a likely stake sale by the co-founders Gangwal family on Wednesday.
The drone manufacturer launched its initial public offering (IPO) in June this year at a 94 per cent premium to the issue price of Rs 638 to Rs 672
The stock was quoting lower for the sixth straight day, falling 13 per cent during the period
Most of these offers are coming right now because their regulatory deadlines, to bring the IPOs, are about to lapse, cautioned analysts
The drone developed by the company was featured in the Bollywood blockbuster 3 Idiots in 2009
Post listing, the market price of the company doubled against its issue price of Rs 672, hitting an intra-day high of Rs 1,344 on the BSE