ideaForge shares rise 10% on ₹107 crore Defence orders
pre-market1 source ↓written by the desknot a recommendation
- on 17 Nov
- 10%
- in order wins
- ₹107 crore
- worth
- ₹75 crore
- valued
- ₹32 crore
Shares of ideaForge Technology Ltd. jumped 10% on 17 Nov following ₹107 crore in order wins from the Ministry of Defence. The first order, worth ₹75 crore, involves supplying Tactical UAVs, while the second, valued at ₹32 crore, is for hybrid UAVs. Both orders have specific execution timelines of 12 and 6 months, respectively.
Not investment advice. For informational purposes only.