Stock in Focus: Drone manufacturing company ideaForge Technology Ltd has received several big orders from the Indian Army and Defense Ministry. The total value of all these orders is more than ₹100 crore. This deal is considered a big step for the rapidly growing UAV (Unmanned Aerial Vehicle) sector in India.
Army orders ZOLT drone worth ₹75 crore
ideaForge Technology has received an order worth approximately ₹75 crore from the Indian Army. This order is for the company’s newly launched ZOLT Tactical UAV. It has been given under the Capital Emergency Procurement process. ideaForge must deliver this project within the next 12 months.
ZOLT was introduced this year at Aero India 2025. This is the company’s next generation tactical drone platform. It is designed for long-range intelligence, surveillance and reconnaissance (ISR) operations and precision payload delivery.
SWITCH V2 UAV’s new deal worth ₹30 crore
ideaForge Technology has also received another order worth approximately ₹30 crore, which is for its high-performance SWITCH V2 UAV. This drone is already inducted into the Indian Army and has been battle-tested in many ISR missions.
The delivery of SWITCH V2 will be completed within 6 months. This drone was also earlier showcased at Aero India 2025. With these two orders – ZOLT and SWITCH V2, ideaForge has now become one of the leading UAV manufacturers in India.
Statement from CEO of ideaForge
Ankit Mehta, CEO and co-founder of ideaForge Technology, said, ‘We are building secure, AI-based and mission-ready systems for India, which can work in all types of situations. These orders strengthen our vision.
He further said, ‘We prioritize performance, reliable technology and autonomy in every new platform. The growth of ZOLT is a result of our technological vision, deep innovation and commitment towards indigenization.
IdeaForge shares status
Shares of ideaForge Technology closed 0.87% higher at ₹466 on Friday, November 14. The stock is down 14.04% in the last 6 months. At the same time, it has given a negative return of 19.44% in 1 year. This year i.e. in 2025 the stock has fallen by 25.36%.
ideaForge Technology had recently announced September quarter (Q2 FY26) results and reported a 41% rise in net profit at ₹20 crore.
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