Shares of Zen Technologies Ltd surged as much as 15 percent to hit a 52-week high on Tuesday after the company announced its second major order win of Rs 340 crore this month.

Share Market Live

NSE

Zen Technologies, a leading provider of military training and antidrone solutions, on Tuesday informed bourses that it has bagged a significant order of around Rs 340 crore ($41.5 million) in the export markets.

The company also stated that it foresees more orders to come in the near future.

This is the company’s second major order win this month. Zen Technologies on July 7 announced bagging a Rs 160 crore order from the Indian government.

The contract comes under the government's indigenous design and development (IDDM) initiative, which requires Indian IP and over 60 percent indigenous content.

Last month, the company announced winning a contract worth Rs 202 crore from the Defence Ministry.

Zen Technologies specialises in manufacturing land-based military training simulators, driving simulators, live range equipment, and anti-drone systems.

Shares of Zen Technologies are trading 12.6 percent higher at Rs 478.40.