Zen Technologies rises on signing Annual Maintenance Contract with Ministry of Defence
Zen Technologies is currently trading at Rs. 1722.00, up by 6.25 points or 0.36% from its previous closing of Rs. 1715.75 on the BSE.
The scrip opened at Rs. 1730.00 and has touched a high and low of Rs. 1730.00 and Rs. 1712.50 respectively. So far 4213 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1969.85 on 27-Aug-2024 and a 52 week low of Rs. 650.00 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 1760.00 and Rs. 1613.50 respectively. The current market cap of the company is Rs. 15520.46 crore.
The promoters holding in the company stood at 55.07%, while Institutions and Non-Institutions held 6.46% and 38.47% respectively.
Zen Technologies has signed an Annual Maintenance Contract (AMC) worth Rs 46 crore (inclusive of 18% GST) for simulators with the Ministry of Defence. The contract, effective for a period of five years, ensures the continued maintenance of simulators designed and developed by Zen.
This AMC solidifies Zen’s ongoing partnership with the Ministry of Defence and underscores the Ministry’s confidence in the company’s cutting-edge defence solutions. The agreement highlights Zen’s ability to meet the demanding operational needs of India’s defence forces through advanced simulator technology. As of this contract, Zen continues to lead the way in the defence simulation space, ensuring the highest standards of operational readiness and maintenance support for the Ministry of Defence’s critical defence assets.
Zen Technologies is a pioneer in the design, development and manufacture of world class, state-of-the-art training simulators.
