Zen Technologies touched a day’s high of Rs 1,830 on the NSE on Tuesday, after winning a Rs 177.5 crore Ministry of Defence order.

The order covers upgrading and integrating tank and crew gunnery simulators for the armed forces. Zen Technologies said the contract, which includes GST, is a domestic order and will be completed within one year.

The company also clarified that none of its promoters or promoter group entities have any stake in the ministry awarding the contract, ruling out any related party angle.

This isn’t the only update investors have had from Zen Technologies recently. Just weeks earlier, on 7 July, its subsidiary Vector Technics said it had expanded drone propulsion manufacturing capacity to three lakh units a year.

The company expects this expanded capacity could support revenue of up to Rs 400 crore, with exports alone potentially contributing around Rs 100 crore over time. That announcement came against the backdrop of a weak March quarter though.

Net profit for Q4 FY26 fell 68.8% year on year to Rs 31.5 crore, while revenue dropped 45.2% to Rs 178.1 crore, reflecting slower business during that period.

Zen Technologies makes combat training systems and counter-drone solutions for defence forces, with more than 40 products in its portfolio and over 1,000 training systems shipped worldwide so far.

At market close on 21 July, the stock settled at Rs 1,818.70 on the NSE, up 3.94% from the previous close of Rs 1,749.80.

The stock is up close to 35% for the year so far, though it remains below its 52-week high of Rs 2,024, touched last month, and well above its 52-week low of Rs 1,223 hit in January.

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