DroneAcharya Aerial Innovations secures a contract from Tata Consultancy Services

During Thursday’s trading session, the shares of DroneAcharya Aerial Innovations Limited were up by 0.56%. The company’s current market capitalisation is Rs 455.78 crore.

Recent development 

DroneAcharya Aerial Innovations Limited has recently announced a significant milestone with the securing of a groundbreaking contract valued at Rs 15,78,840 from Tata Consultancy Services (TCS). This groundbreaking contract is focused on delivering cutting-edge Drone Based 5G Solutions, marking a pivotal advancement in the realm of drone technology.

The contract includes the supply of a state-of-the-art 5G-enabled drone equipped with a Visual (RGB) camera, coupled with a Ground Control Station designed for remote access and seamless live data relay. The collaboration goes beyond mere procurement, extending into co-developing and co-engineering Drone Based 5G Solutions tailored for sectors such as Telecom, Warehousing, Energy, and others where TCS has a significant presence, both in India and globally.

This contract holds significant importance not only for DroneAcharya and TCS but also for India as a whole, as it introduces the utilization of drones over the 5G network. The integration of 5G technology with drones is anticipated to enhance their capabilities, facilitating faster data transmission with low latency and enabling efficient handling of vast amounts of data. Prateek Srivastava, Founder and Managing Director at DroneAcharya, emphasizes the potential impact of this integration, stating that it will significantly improve drone operations, catering to the diverse needs of various industries.

The collaboration between DroneAcharya and TCS is more than a one-time project; it signifies the beginning of a long-term engagement aimed at developing cutting-edge solutions across various industry verticals. This partnership marks the initiation of a sustained commitment to crafting advanced and innovative solutions that transcend industry boundaries.

About the company 

Established in 2017, Droneacharya Aerial Innovations Limited offers a comprehensive ecosystem of high-end drone solutions. Their services encompass multi-sensor drone surveys, data processing utilizing robust high-configuration workstations, as well as specialized training programs for drone pilots and Geographic Information System (GIS) professionals.

Promoter holding 

As of December 2022, the promoters’ stake in the company stood at 38.23%. However, over the subsequent months, there has been a decline in their stake, reducing to 28.21% by both March 2023 and September 2023. It’s noteworthy that during this period, the pledged percentage has remained at 0.00%. This indicates a trend of declining promoter stakes while maintaining an unpledged status.

Furthermore, the stock has witnessed significant buying activity as it has given returns of more than 53% in the last 1 year.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.