Differential GPS Instrument Company receives order of Rs 17,26,63,500 from Government of Andhra Pradesh
Kiran DSIJCategories: Penny Stocks, Trending
The stock is up by 5 per cent from its 52-week low of Rs 47 per share.
Drone Destination Limited has secured a significant work order valued at Rs 17.26 crore from the Government of Andhra Pradesh’s Survey, Settlements & Land Records Department. This project involves providing spatial data collection services for a large-scale resurvey across the state, specifically utilising DGPS (Differential Global Positioning System) instruments in regions where GPRS connectivity is weak or unavailable. Disclosed in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015, this contract highlights the company's role in supporting state-led infrastructure and land record modernisation through specialised aerial and ground-based data technology.
About Drone Destination
Drone Destination leads India's Drone industry, providing comprehensive services from certified drone pilot training to state-of-the-art Drone-as-a-Service (DaaS) solutions. Headquartered in New Delhi, Drone Destination pioneers commercial drone operations and training across diverse sectors like agriculture and infrastructure. Notably, as the first listed Drone Company on the NSE Emerge platform, Drone Destination holds a prestigious position in the industry. The training programs set the standard, equipping aspiring pilots with safety and efficiency skills, covering regulatory compliance to advanced manoeuvres.
On Friday, shares of Drone Destination Limited plunged 1.30 per cent to Rs 49.50 per share from its previous closing of Rs 50.15 per share. The stock’s 52-week high is Rs 147.50 per share and its 52-week low is Rs 47per share. The company has a market cap of Rs 121 crore. The stock is up by 5 per cent from its 52-week low of Rs 47 per share.
Disclaimer: The article is for informational purposes only and not investment advice.