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RattanIndia Enterprises Ltd. (REL) announced that its subsidiary, Throttle Aerospace Systems (TAS), has received Type-Certification from the Directorate General of Civil Aviation (DGCA) for its drone product, DOPO.
DOPO is a multipurpose drone that can be used in various industries such as surveying, mapping, inspection, agriculture, surveillance, and disaster management. The drone is classified as 'Small' and weighs less than 5 kilograms. It has a flying time of 49 minutes and can travel at speeds of up to 32.4 km/h. DOPO can operate at temperatures of up to 50°C and cover an area of 1.5 square kilometers in a single flight. It can operate at different altitudes and supports multiple payloads.
Rattanindia Enterprises is the flagship company of Rattanindia Group for its new age growth businesses. RattanIndia Enterprises is driving the transformation of various industries, including Electric Mobility (Revolt Motors), E-commerce (Cocoblu Retail), Fashion brands (Neo Brands), Fintech (WeFin), and Drones (Neosky).
The company reported a consolidated net profit of Rs 178.78 crore in Q1 FY24 as against Rs 216.04 crore posted in Q1 FY23. Net sales surged 83.9% year on year to Rs 1,267.60 crore in the quarter ended 30 June 2023.
Shares of Rattanindia Enterprises fell 0.10% to Rs 51.71 on 31 October 2023.
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