Shares of RattanIndia Enterprises zoomed 11% and hit an intraday high of Rs 57.40 on 1 November after the company received DGCA’s certification for its drone product, DOPO. 

In its regulatory filing, the company said that Throttle Aerospace Systems has received type certification for its drone product called DOPO from the Directorate General of Civil Aviation (DGCA).

The company said, “DOPO is a multipurpose drone, and with this type of certification, it can be deployed across multiple industries like survey, mapping, inspection, agriculture, surveillance, and disaster management.”

Throttle Aerospace Systems is India’s first company to receive a provisional drone licence from DGCA and has become qualified for the Government of India’s Production-Linked Incentive scheme and has the licence to make drones for the defence industry. 

Mrs Anjali Rattan, Business Chairperson of RattanIndia Enterprises Limited, said, “We are thrilled to receive the prestigious DGCA’s certification & approval for the quality and performance of our drone, DOPO. This certification is a testament to our unwavering dedication towards ensuring the highest standard of safety, reliability, and performance of our products & services. This reflects our company’s commitment to meet and exceed regulatory standards while delivering cutting-edge solutions to our customers through our make-in-India products.”

RattanIndia Enterprises is a flagship company of RattanIndia Group and is engaged in the businesses of the new age, including e-Commerce – Cocoblu Retail, electric vehicles – Revolt Motors, fintech – Wefin, fashion brands – Neobrands, and drones – Neosky. 

Throttle Aerospace Systems is a subsidiary of Neosky India Ltd and has become one of India’s fastest-growing drone hardware and software makers. 

At 3:30 pm, the shares of RattanIndia Enterprises closed 6.00% above at Rs 54.80 on NSE.