Defence drone company enters into a mutual non-disclosure agreement with Taharbadkar Solutions Pvt Ltd
DSIJ Intelligence-2 / 09 Dec 2025/ Categories: Mindshare, Trending
The company has a market cap of Rs 1,284.49 crore and the stock has given multibagger returns of 4,980 per cent from its 52-week low of Rs 18.43 per share.
RRP Defense Limited (formerly Euro Asia Exports Limited) has executed a Mutual Non-Disclosure Agreement (MNDA) with Taharbadkar Solutions Private Limited. The primary purpose of this agreement is to collaborate on the development, supply, and commercialization of components for the DART - Driven Ammunition Reduced Time Flights System under the Indian Navy's AIDITI 2 program of IDEX. This collaboration is strategically aimed at leveraging the combined technical expertise and resources of both parties to ensure the successful execution and future commercial deployment of the project, aligning with the Ministry of Defence's innovation framework.
Beyond the MNDA, the agreement explores potential collaboration on the Vehicle-Mounted Swarm Drone System Project. More concretely, RRP Defence has received a Letter of Intent (LoI) from Taharbadkar Solutions for a project with an approximate value of Rs 20 crore. Against this LoI, a firm purchase order has already been placed, amounting to Rs 6,25,40,000. The execution of this project is planned in three phases, with the overall tenure and completion expected to extend up to October 2027. This transaction has no direct impact on the management or control of RRP Defence Limited.
About the Company
RRP Defence Ltd. is an Indian company that has rapidly transformed from a trading firm (formerly Euro Asia Exports Limited) into a key player in the country's defence and drone technology sector. Under the "Make in India" initiative, RRP Defence is focused on designing, developing, and manufacturing advanced defence systems, particularly unmanned aerial systems (UAS) and related technologies. They've recently solidified their position through a significant tie-up with French-American Aerospace firm CYGR to establish a drone manufacturing facility in India, focusing on producing Drone Command Modules for international export. This strategic shift and international collaboration underscore RRP Defence's commitment to indigenous capabilities and its growing presence in the global defence market.
The company has a market cap of Rs 1,284.49 crore and the stock has given multibagger returns of 4,980 per cent from its 52-week low of Rs 18.43 per share.
Disclaimer: The article is for informational purposes only and not investment advice.