Zen Technologies wins Rs 120cr export order for simulators and others
Zen Technologies, an India-based provider of defense training solutions, said that it has won an export contract worth around INR 120 crores from an undisclosed customer.
The company said that the primary focus of the order is simulators.
According to Zen Technologies, the order will be executed in nearly a year and was won amid stiff competition from multinational firms.
Zen Technologies wins Rs 120cr export order for simulators and others. Photo courtesy of Anita starzycka from Pixabay.
The company said that due to a confidentiality agreement, the identity of the customer cannot be disclosed because of the nature of the deal.
Ashok Atluri – Chairman, Managing Director, and CFO of Zen Technologies said: “This order was on the back of a very rigorous purchase process followed by the customer. Government of India also provided active support, among other things by facilitating quicker visits (during COVID) by the customer.”
“There is an increasing demand from countries for anti-drone systems and training solutions. After the slow-down caused by Covid, the interest from various countries is slowly gathering pace. This has definitely translated into a good pipeline of opportunities that Zen can address in the near term.”