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Zen Technologies procures first order for Zen ShootEdge from J&K Police; stock adds ~1%

Source : India Info Line

Zen Technologies gets orders from J&K Police for its Corner Shot Weapon
Zen Technologies made the Zen Shoot Edge Corner Shot rifle

Zen Technologies has informed through its press release that company has secured a domestic order worth 5.28 crore from the Jammu & Kashmir Police (J&K Police).

The company has secured this order to supply Zen ShootEdge Systems (Corner Shot Weapon Systems). Zen Technologies emerged as the winner in the bidding due to its superior quality product and competitive pricing. This is the company’s first order for ShootEdge.

This order is in line with the company’s objective to ensure incremental revenues from new products, this win justifies Zen’s continued focus on R&D.

Zen has developed this version of ShootEdge was developed in collaboration with DRDO. Along with catering to the domestic demand, ShootEdge has huge export potential.

With the addition of this order, the company’s total order books stand at 432.88 crore, consisting of Domestic orders worth 260.62 crore and export orders worth 172.26 crore.

Zen Technologies is currently trading at 199.85 up by 1.30 or 0.65% from its previous closing of 198.55 on the NSE. It touched an intraday high and low of 200.80 and 199.10 respectively.

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