Zen Technologies Ltd has secured a five-year Annual Maintenance Contract (AMC) worth Rs 46 crore, including GST, from the Ministry of Defence, the company announced on October 1. This contract ensures the ongoing maintenance of simulators developed by Zen Technologies, reinforcing its relationship with the Ministry.
In a regulatory filing, the company stated, “This AMC highlights Zen’s expertise in defence simulation technology and the Ministry of Defence’s trust in Zen’s ability to support India’s defence forces with cutting-edge solutions.”
Zen Technologies, based in Hyderabad, specializes in military training simulators and anti-drone systems. The company has a recognized R&D facility and has filed over 155 patents, with more than 75 granted globally.
Zen’s shares closed marginally higher at Rs 1,713 on the NSE, with the stock gaining 116% year-to-date, significantly outperforming Nifty’s 18% rise. Over the past 12 months, Zen shares have surged 128%, more than doubling investor returns.
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Source: Moneycontrol
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