loader2
Login Open ICICI 3-in-1 Account
  • Text Size
  • Text to Speech
  • Color Contrast
  • Pause Animations

Open ICICI
3-in-1 Account

Manage your Savings, Demat and Trading Account conveniently at one place

+91

BLOG

Zen Technologies has received a ₹295 crore contract from the Ministry of Defence

ICICIdirect Research 11 Aug 2026 DISCLAIMER

News: Zen Technologies has received a ₹295 crore contract from the Ministry of Defence for the supply of simulators, to be executed within one year. The order further strengthens the company's simulation and training business and provides a meaningful near-term execution opportunity

View: The ₹295 crore simulator order is significant for ZTL's simulation & training business, strengthening its position in crew gunnery and other military simulation solutions. The company holds key patents for T-72, T-90 and BMP-II containerised crew gunnery simulators, providing a strong technological position in this segment and supporting its participation in large-scale simulator programmes. Following the order, ZTL's order book is estimated at ~₹1,695 crore (~2.4x TTM revenue), providing strong revenue visibility. Beyond simulators, the anti-drone business remains an important growth driver, supported by increasing demand for counter-drone systems, while the broader simulation portfolio and export opportunities provide additional avenues for sustained growth.

Impact: Positive

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere