Latest news with #UnmannedAircraftSystems
Mint
2 hours ago
- Business
- Mint
ideaForge share price: Drone stock hits upper circuit after THIS order book update
Small-cap drone maker ideaForge Technology's stock hit its upper circuit on Monday, 23 June 2025, after the company announced that it had bagged a mini drone manufacturing order worth ₹ 137 crore from the Ministry of Defence, according to an exchange filing. The order details show that the company will supply the Mini UAVs (drones) with their accessories within a time period of 12 months. 'This is to inform you that ideaForge Technology Limited has received an order worth approx ₹ 137 Crores (all inclusive) to supply Mini UAVs with accessories to Ministry of Defence,' said the company in the BSE filing. ideaForge is a Mumbai-based manufacturer of Unmanned Aircraft Systems (UAS) or drones for security, surveillance, and other purposes. Shares of the drone maker also surged more than 8 per cent in the second week of June as Israel's military strikes on Iran spiked the investors' interest in defence-related stocks. ideaForge shares surged during Monday's stock market session, hitting its upper circuit after gaining 10 per cent to ₹ 631.65 during the intraday session. Shares closed 10 per cent higher at ₹ 631.65, compared to ₹ 574.25 in the previous market close. The drone maker released the information on the Ministry of Defence drone order book update during the mid-stock market session on 23 June 2025. The stock has lost 51.27 per cent since its listing on the Indian stock market in July 2023. In the last one-year period, ideaForge shares are down 22.48 per cent. However, on a year-to-date (YTD) basis in 2025, the shares have gained 1.07 per cent, and are trading 19.78 per cent higher in the last one-month period. ideaForge shares hit their 52-week high levels at ₹ 864.10 on 12 July 2024, while the 52-week low level was at ₹ 301 on 7 April 2025, according to data collected from the BSE. The company's market capitalisation (M-Cap) was at ₹ 2,727.14 crore as of the stock market close on Monda, 23 June 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
The Hindu
7 days ago
- The Hindu
Ban on use of drones near Kochi airport
The district administration has banned the operation of microlight aircraft, aero models, paragliders, and Unmanned Aircraft Systems (UAS) within a five-kilometre radius of the Kochi airport. The operation of drones, powered hang gliders, laser beams, and hot-air balloons has also been banned. District Collector N.S.K. Umesh issued the order following reports from the airport director and the District Police Chief (Ernakulam Rural) that the use of such equipment could affect the operation of aircrafts. The ban was imposed for facilitating the safe landing and take-off and operation of the aircrafts. The administration has urged the public to report the operation of such devices to the police.
Barnama
21-05-2025
- Business
- Barnama
UPNM, MHS Aviation Sign LoI To Drive Development Of UAS
-- Photograph for illustrative purposes LANGKAWI, May 21 (Bernama) -- Universiti Pertahanan Nasional Malaysia (UPNM) today signed a Letter of Intent (LoI) with MHS Aviation Berhad, a wholly-owned subsidiary of Boustead Holdings Berhad, to drive the development of unmanned aircraft technology in Malaysia. This strategic collaboration is part of the long-term efforts of both parties in strengthening the research, innovation and training ecosystem in the field of Unmanned Aircraft Systems (UAS), a critical domain for the survival of national defence and the competitiveness of the country's high-tech industry. UPNM, in a statement, said that the LoI seals the joint commitment between academia and industry in strengthening the country's UAS technology capabilities through the development of academic modules and specialised field training related to UAS. "Also, the commitment to carry out joint research and knowledge sharing in a strategic and high-impact manner, improving the competencies of UPNM students and officers through industrial training as well as simulation learning and technical workshops," it said. The LoI was signed by UPNM Vice-Chancellor Lt Gen Datuk Arman Rumaizi Ahmad and MHS Aviation Bhd Chief Executive Officer Mohd Fakhrul Arifin Adinan at the Ministry of Higher Education (KPT) Pavilion at the Mahsuri International Exhibition Centre, here. Arman Rumaizi, in the same statement, said the collaboration will strengthen the competitiveness of researchers and students and position UPNM as a hub of excellence in defence technology, in line with the strategic thrust of UPNM30. "This collaboration is an important stepping stone in realising the aspirations of UPNM 30, which emphasises a holistic approach in uniting military, academic, technological and industrial disciplines," he said. UPNM believes that this collaboration will create more efficient technology transfer, accelerate the development of highly skilled human capital and strengthen the country's strategic preparedness in facing modern security challenges. Meanwhile, Mohd Fakhrul expressed hope that the collaboration can develop the country's UAS capabilities from the grassroots by simultaneously forming human expertise and technological development. Apart from that, it also reflects Boustead's commitment to driving defence innovation and supporting the country's transformation agenda, he said. -- BERNAMA BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial , @bernamatv , @bernamaradio Twitter : @ , @BernamaTV , @bernamaradio Instagram : @bernamaofficial , @bernamatvofficial , @bernamaradioofficial TikTok : @bernamaofficial
Business Standard
09-05-2025
- Business
- Business Standard
Ideaforge Tech reports dismal Q4 outcome
Ideaforge Technology reported net loss of Rs 25.71crore in Q4 FY25 as compared with net profit of Rs 10.33 crore in Q4 FY24. Revenue from operations tumbled 80.14% YoY to Rs 20.31 crore in the quarter ended 31 March 2025. The company reported pre-tax loss of Rs 25.69 crore during the quarter as compared with profit before tax of Rs 14.14 crore in Q4 FY24. The manufacturer of Unmanned Aircraft Systems (UAS) reported a negative EBITDA of Rs 174.1 crore for the fourth quarter of FY25, compared to a positive EBITDA of Rs 202.5 crore in the same period last year. EBITDA margins stood at -85.7% in Q4 FY25, sharply down from a positive margin of 19.8% reported in Q4 FY24. Ankit Mehta, CEO, said, FY25 saw a substantial slowdown for the broader drone industry in India, owing to the general elections in the first part and then the slow progress towards procurement initiatives, despite the latent demand. The industry started to regain momentum at the end of the year with the new emergency procurement cycle for CICT operations going into tendering phase in Q4, along with trials of many other civil programs as well towards the end of the same quarter. And thus, while we did not see closure of opportunities to orderbook in Q4, we now see their healthy progression to our L1 pipeline. Our efforts to diversify our revenue base got bolstered at the AeroIndia 2025, where we unveiled the concepts of two new categories of drones, namely, our ZOLT platform for Tactical and YETI for Logistics, unlocking new opportunities and partnerships, such as our partnership with Resonia (Sterlite Group) for tower installation logistics. Our strategic investment in US-based Vantage Robotics has augmented platforms as small as nano drones (<250 g) to our portfolio. The year also marked our transition from a drone manufacturer to a drone solution provider delivering not just best-in-class drones to our customers, but also actionable intelligence through our developments, such as FLYGHT CLOUD for cloud data analytics and FLYGHT DOCKS for consuming Drone-as-a-Service (DaaS). With the launch of NETRA 5 and SWITCH V2, we have demonstrated our ability to build capabilities that can future-proof our forces with unmatched resilience, performance, modularity, and AI. With the augmentation of new categories and greater focus on the global markets, we are seeing increasing momentum towards international opportunities and partnerships. We intend to substantially increase the market opportunity for Indian drones globally and firmly establish them as a default part of the security, safety, and governance infrastructure of any country, city, or enterprise. Despite weak Q4 results, shares of ideaForge Technologies hit an upper circuit of 20 at Rs 463.20, driven by escalating geopolitical tensions between India and Pakistan. The spike in investor interest followed reports of heightened conflict along the Northern and Western borders during the intervening night of May 8 and 9, boosting sentiment around defense and surveillance technology companies. Ideaforge Technology (ideaForge) is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems (UAS) market. It had the largest operational deployment of indigenous UAVs across India.
Yahoo
08-04-2025
- Politics
- Yahoo
House votes to broaden ban on drones flying over ag operations
Iowa lawmakers are considering a bill to further restrict the use of drones over farmland. (Photo by Ann Froschauer/USFWS) A bill that would further prohibit the ability of a remote-piloted aircraft, or drone, to fly over farmland needs final approval from the Senate before it can be sent to the governor. Senate File 491 was amended on the House floor Tuesday to remove language classifying a 'farmstead' as '40 or more contiguous acres.' The bill builds on a 2024-enacted law that prohibited drones from flying over animal feeding operations and homesteads and created misdemeanor fines up to $2,560 if the drone that flew over these areas was equipped with recording devices. The proposed legislation, which advanced from the Senate March 17, would prohibit the use of a drone, without the landowner's permission, within 400 feet of farm animals, equipment and structures, including animal feeding operations, farmer residences, barns and manure storage. Rep. Derek Wulf, R-Hudson, said the bill 'broadens the scope' of the existing law and 'strengthens' security. 'It protects our livestock and agriculture producers more strongly than the law we passed last year,' Wulf said. Proponents of the bill said livestock are afraid of the remote aircraft and that it invades a farmer's privacy. Opponents of the bill argue it, and the existing law, would be preempted by federal laws that regulate airspace. A fact sheet on the local regulation of Unmanned Aircraft Systems from the Federal Aviation Administration, explains that some privacy-related restrictions on drones, if it interferes with the administration's ability to 'safely and effectively integrate UAS into the national airspace' would be preempted. According to the document, at least 44 states have enacted laws pertaining to unmanned aircraft systems since 2013 and the FAA holds that states are 'generally free to regulate' as long as the laws do not interfere with federal regulations or 'relate to the prices, routes, or services of commercial air carriers.' No lawmakers spoke in opposition to the amended bill on the House floor and the measure advanced 89-7.
