RattanIndia Enterprises surges on launching cutting edge advanced drone `Defende`
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RattanIndia Enterprises is currently trading at Rs. 53.80, up by 2.20 points or 4.26% from its previous closing of Rs. 51.60 on the BSE.
The scrip opened at Rs. 51.00 and has touched a high and low of Rs. 55.80 and Rs. 50.70 respectively. So far 1017912 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 65.85 on 12-Jan-2022 and a 52 week low of Rs. 30.50 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 55.80 and Rs. 50.70 respectively. The current market cap of the company is Rs. 7498.81 crore.
The promoters holding in the company stood at 74.80%, while Institutions and Non-Institutions held 9.43% and 15.76% respectively.
RattanIndia Enterprises (REL) has launched ‘Defender’ by its company TAS (Throttle Aerospace Systems). Defender is an indigenously developed tracking and capturing system for rogue drones. Defender is loaded with 13 AI features to neutralize the rogue drones. With rising instances of drone-based aerial threats to restricted installations under defence and private airspace, this solution will provide a first-of-a-kind capability to the Indian defence establishment to get rid of drones flying over unauthorized airspace.
TAS product is developed with AI (artificial intelligence) capabilities to take real-time decisions to facilitate the capture and subsequent retrieval of drones. Defender employs a soft kill approach wherein a net capture mechanism is utilized. Defender is thus able to instantaneously neutralize emergent threat before it can render any harm. Moving at top speeds of 26 m/s with range up to 20 kms in a single flight, the fast response time of Defender will considerably limit the potential of the drone to inflict damage. Most importantly, this will be manufactured completely in India using indigenous technologies which contribute to the ‘Make in India’ program.
RattanIndia Enterprises is engaged in the business of Power generation, transmission and distribution of power and power advisory.
