ideaForge Technology shares hit a day high of Rs 774 on 13 October after the drone maker won an order from Survey of India for its Q6 V2 drones.

The company said on 13 October that Survey of India, a central government agency, has ordered its Q6 V2 drones for surveying and mapping work.

Neither the order value nor the number of drones has been disclosed. The reports also give no delivery schedule.

The drones will help the agency collect high-quality aerial and mapping data across varied terrain and project settings.

They can also cover large, hard-to-reach areas, and the company says they complement traditional survey methods.

The Q6 V2 is a survey drone designed and built entirely in India. It is light, takes off and lands vertically, and can be ready to fly in under 10 minutes.

The company lists an endurance of 60 minutes, a range of 5 km and a maximum takeoff weight of 6 kg.

It carries daylight, thermal, mapping and multispectral payloads, which are the cameras and sensors that capture the data. One drone can therefore handle several kinds of survey work.

Somil Gautam, Associate Director of Enterprise Business at ideaForge, said the engagement with Survey of India ‘reflects the growing relevance of indigenous UAV technology’.

This is not the firm’s first mapping job. Its drones have also been used in large-scale deployments under the government’s SVAMITVA Yojana scheme, the company says.

On the funding side, ideaForge has raised Rs 500 crore through a qualified institutional placement, or QIP. In a QIP, a listed company sells shares directly to large institutions.

At the close on NSE, ideaForge ended at Rs 756.05, up Rs 20.60 or 2.80% from the previous close of Rs 735.45.

The stock opened at Rs 760.00 and fell to a low of Rs 720.00 during the session. Its 52-week range runs from Rs 366.00 to Rs 992.25.

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