Zen Technologies' subsidiary, Vector Technics, has become India's largest drone propulsion manufacturer, reaching an annual production capacity of 300,000 propulsion units at its Shamshabad facility, the company announced in an exchange filing on 6 July. Following the announcement, Zen Technologies' stock gained 2.5% in intraday trade on the BSE on 7 July, extending gains for the second consecutive session, according to livemint.com.
The milestone was achieved as Vector Technics ramped up manufacturing capabilities at its Shamshabad plant, enabling it to meet growing demand for drone propulsion systems in India. Zen Technologies disclosed the capacity expansion in a regulatory filing after market hours on 6 July, highlighting the subsidiary's role in the defence manufacturing sector. The company’s stock movement on 7 July reflected investor confidence in Vector Technics’ enhanced production scale, as reported by livemint.com.
This development positions Vector Technics as a key player in India's drone manufacturing ecosystem, which is witnessing increased focus amid rising defence modernization efforts. The capacity to produce 300,000 propulsion units annually surpasses other domestic manufacturers, underscoring the subsidiary’s competitive edge. Zen Technologies’ achievement aligns with broader government initiatives to boost indigenous defence production and reduce reliance on imports, a sector that has seen heightened activity in recent years, according to livemint.com.
Zen Technologies’ latest exchange filing on 6 July confirms the production capacity milestone, marking a significant step for the company’s defence manufacturing ambitions. The stock’s 2.5% intraday gain on 7 July reflects market recognition of Vector Technics’ expanded manufacturing footprint and its strategic importance in India’s drone propulsion segment.