- Bags Rs. 165 Crores order for defence & agri drones
New Delhi. 07 August 2023. Coromandel International’s subsidiary, Dhaksha Unmanned Systems, a leading Indian drone manufacturer, has bagged an order to supply 200 medium altitude logistics drones and accessories to the Indian Army. Recently, Dhaksha has also bagged a 400-drone contract from agri inputs cooperative IFFCO for supply of agri-spraying drones. These are planned to be delivered over the course of next 12 months. Dhaksha’s orders for the current year have exceeded 165 crores including the order from Defence and IFFCO. The company also has a strong order pipeline which will further increase the potential revenues for the current year.
Commenting about the recent developments, Mr. Arun Alagappan, Executive Vice Chairman of Coromandel International said, “The defence contract validates Dhaksha’s technology capability and its potential to capture opportunities in Unmanned Aerial Systems (UAS) space. This enables entry of Coromandel and Murugappa Group into Indian Defence sector supplies. We are excited to partner and support Dhaksha and drive the Atma Nirbhar Bharat vision in Drones manufacturing.”
Ramanathan Narayanan, CEO of Dhaksha Unmanned Systems said “We are honoured to be selected by the Indian Army to supply our logistics drones. This is a major milestone and is a testament to the hard work and dedication of our team. We are committed to build latest technologies for drone manufacturing and cater to requirements of defence sector as well as the farming community of the country.”
The company has a technology collaboration with Anna University and is the only player in the country to receive type certificates from DGCA for three drone models in medium & small categories for agriculture and surveillance applications.
