Zen Technologies Secures ₹295 Crore Order from Ministry of Defence
Zen Technologies Limited has secured an order valued at ₹ 295 crores, including GST, for the supply of Simulators from the Ministry of Defence, Government of India.The contract pertains to the supply of Simulators and was awarded by the domestic entity, the Ministry of Defence. The total aggregate value of the order is stated as ₹ 295 crores (including GST).
The order mandates that Zen Technologies Limited execute the contract within a year.
Details regarding the significant terms and conditions of the order were provided:
| Particulars | Details |
|---|---|
| Entity Awarding Order | Ministry of Defence, Government of India |
| Nature of Contract | Supply of Simulators |
| Type of Entity | Domestic |
| Contract Duration | The order will be executed within a year |
| Total Value | ₹ 295 crores (including GST) |
The contract has been confirmed as a domestic transaction and does not involve related party transactions. Furthermore, the promoter or promoter group companies have no interest in the entity that awarded the order.
ZENTEC Stock Price Movement
Today, the stock of Zen Technologies Limited shed ₹1.10 or 0.06% in post-market trading, closing at ₹1720. The stock traded within a range of ₹1701 to ₹1731, with 176,875 shares transacted during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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