Speaking at Network18's Reform Reloaded summit on Monday, Defence Secretary Singh said that proposals for Medium Altitude Long Endurance Drone contracts will soon be invited by the ministry.
Singh also highlighted that the RFP for Made-in-India drones will soon be released as well, adding that drones, UAVs, focus on satellite imagery, precision ammunition are areas where technology needs to be made available, and that some "off-the-shelf" buying will have to be done where India lacks access to technology.
In the procurement process, an RFP means Request For Proposal, which is a formal document used by an organisation to solicit detailed proposals from potential vendors for a particular project or service.
In its June quarter earnings call on July 28, the management of Zen Tech had highlighted that the company is anticipating significant orders in the second half of the current financial year for anti-drone systems as well as simulators.
The management also said that Zen Tech has very good chances of getting substantial anti-drone system orders from the government under the IDDM category and is confident of crossing ₹6,000 crore in cumulative revenue over financial year 2026-2028.
Shares of Zen Technologies have been underperformers so far in 2025, having declined 35%, while those of ideaForge are down 15% and are also well below their IPO price of ₹672.
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