Droneacharya Aerial shares jump over 6% on bagging contract from Indian Army for drone training

The company will train senior officers of the Mechanised Army Courses Group as proficient drone pilots. The training module will also comprise utilisation of drones for disaster management purposes.

Droneacharya noted that the increasing number of capacity building tenders by the Indian Army showed the growing role of drones in carrying out various tactical missions.

“This contract not only marks a milestone for DroneAcharya but also exemplifies the increasing adoption of drone technology within the defence sector,” said DroneAcharya founder and managing director Prateek Srivastava.

Last week, the UAV manufacturer announced it had bagged a contract worth ₹11.80 lakh for the training of 20 officers from the Northern Command Pre-Induction Training School at Bhalra, Jammu and Kashmir.

The company also bought a majority 51% stake in PYI Technologies Pvt Ltd this month to broaden its service spectrum and enhance value-added offerings.

Droneacharya is the only private Directorate General of Civil Aviation (DGCA) certified drone pilot training company in India. It has conducted over 580 trainings. It has also delivered more than 200 drone pilot training sessions for various defence organisations across India.

Droenacharya shares were trading 5.05% higher at ₹197.50 apiece at 11:42 am on January 15.