The contract has been received by the Ministry of Defense, Department of Military Affairs, based in Bhalra, Jammu & Kashmir and will be executed at NCPITS (CBS) Bhalra.

“This contract marks a significant step forward for DroneAcharya Aerial Innovations Limited in contributing to the enhancement of military training and development programs. The contract underlines the company's commitment to pioneering innovations in Aerial Technology and its dedication to supporting the defense sector with state-of-the-art solutions,” said the company.

The firm added that the contract is strategically aligned with the Ministry of Defense, Department of Military Affairs' vision to empower its internal team members with advanced skills in Drone piloting and Aerial maneuvers. DroneAcharya's simulators are poised to play a pivotal role in training sessions aimed at honing the expertise of military personnel in drone flying, leveraging the latest advancements in simulation technology.

The contract's scope aligns with DroneAcharya's offerings in Drone - Centric professional courses, the company stated.

DroneAcharya Aerial Innovations is engaged in the main operations of the company are imparting the drone operation training, drone supply and maintenance services and management consultancy and training services.

The company reported a net profit of Rs 3.96 crore in H1 FY24, steeply higher than Rs 0.13 crore in Q2 FY23. Net sales zoomed to Rs 20.89 crore during the quarter as against Rs 1.90 crore posted in H1 FY23.