The order is related to supply of training equipment, said the company.

Zen Tech stated that training equipment stood at approximately Rs 171 crore and it has to be supplied within 12 months along with a warranty for 4 years. Post-warranty, comprehensive maintenance contract (CMC) of about Rs 31 crore will be spread over 4 years, it added.

Zen Technologies is a leading provider of military training and anti-drone solutions. The company specializes in manufacturing land-based military training simulators, driving simulators, live range equipment, and anti-drone systems.

The company reported a steeply higher consolidated net profit of Rs 20.20 crore in Q4 FY23 as compared with Rs 3.31 crore in Q4 FY22. Revenue from operations zoomed 245.1% to Rs 95.88 crore in the quarter ended March 2023 as against Rs 27.78 crore posted in same quarter last year.

Shares of Zen Technologies were up 0.15% to Rs 426.25 on the BSE.