DroneAcharya Aerial gets order from Adani Group for DGCA-certified drone training

Today, the shares of DroneAcharya Aerial Innovations Limited witnessed a decline of 4.51%. The company’s current market capitalization stands at Rs 347.83 crore.

Recent Development: Adani Contract Secured

DroneAcharya Aerial Innovations Limited has recently secured a significant service contract from Adani, involving the provision of DGCA certified drone pilot training. This marks a noteworthy milestone in the integration of drone technology within large enterprises like Adani.

The importance of this contract is highlighted by its validation of drones for mapping, monitoring, and inspection tasks across Adani’s diverse operations in energy, infrastructure, logistics, resources, and agribusiness. Adani Group’s substantial domestic and international presence underscores its pivotal role in India’s economic advancement and infrastructure expansion.

Other ventures such as Pumped Storage Hydro and Green Hydrogen are also part of its growth strategy.

Management Insight: Comment from Founder and Managing Director 

Mr. Prateek Srivastava, the Founder and Managing Director of DroneAcharya, expressed his views on this occasion, stating, “The adoption of drones by a significant player like Adani not only signifies a major advancement but also acts as a catalyst for similar companies to embrace this innovative technology. Drones offer versatile benefits including volume estimation, asset inspection, hotspot detection, crop health monitoring, surveillance, encroachment detection, and meeting customized project requirements.”

About the Company 

Established in 2017, Droneacharya Aerial Innovations Ltd specializes in offering services such as drone operation training, supply and maintenance, as well as management consultancy and training services.

Business Developments: Geographical Distribution Insights 

The geographical distribution of values indicates that Maharashtra leads with 56.82%, followed by Andhra Pradesh with 13.17%, and Tamil Nadu with 11.88%. Telangana accounts for 6.07%, while Singapore contributes 5.02%. Karnataka holds 2.66%, with the remaining portion distributed among other regions amounting to 4.38%. This suggests that DroneAcharya Aerial Innovations operates exclusively within India, showcasing potential for growth and expansion within the country.

Shareholding Pattern Analysis

Examining the shareholding pattern, it is observed that the public holds the majority stake at 70.49% as of September 2023, while the promoter maintains a 28.21% stake during the same period. Notably, there are no pledged percentages observed.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.