Archive · 23 Jun 2025
IdeaForge Lands ₹137 Crore Drone Order from Indian Army
IdeaForge, a company that makes drones, received a significant order from the Indian Army.
The order, worth approximately ₹137 crore, is for mini-drones used for spying and gathering information.
The Army chose the drones because they are already in use and have essential parts from countries that don't share a border with India.
IdeaForge has its research and production facilities in different cities like Navi Mumbai and Bengaluru.
IdeaForge secured a ₹137 crore order from the Indian Army for hybrid mini UAV systems.
The order was placed through the emergency procurement route.
The UAVs are for Intelligence, Surveillance, and Reconnaissance (ISR) operations.
The UAVs must have critical sub-components sourced from non-border-sharing nations.
IdeaForge has R&D and manufacturing units in multiple locations, including Navi Mumbai and Bengaluru.
- Who
- IdeaForge Technology and the Indian Army.
- What
- IdeaForge secured a ₹137 crore order for hybrid mini unmanned aerial vehicles from the Indian Army.
- When
- The announcement was made on June 23, 2025.
- Where
- The order is for the Indian Army.
- Why
- The drones are for Intelligence, Surveillance, and Reconnaissance (ISR) operations.
Company Performance
Market Performance
Financial Outlook vs. Market Response
Company Performance
Focus on drone technology for defense.
Market Performance
Increased order size and revenue.
- Order Value
- ₹137 crore
- Product
- Hybrid mini UAV systems
- Client
- Indian Army
- Procurement Route
- Emergency
- Purpose
- ISR operations
- Key Requirement
- Sub-components from non-border-sharing nations
Sources
Ideaforge Tech shares hit 10% upper circuit after Defence Ministry order; what the charts reveal
ideaForge shares surge 10% after Rs 137 crore order from Defence Ministry
ideaForge share price: Drone stock hits upper circuit after THIS order book update
Bharat Forge shares close higher amid market crash, here's why
