Hot Pursuit     27-Oct-23
Optiemus Infracom soars on foray in drone manufacturing sector
Optiemus Infracom spurted 7.81% to Rs 307.20 after the company said its board approved the launch of a new division for manufacturing drones.
The new division "Optiemus Unmanned Systems" (OUS) will make Unmanned Aerial Vehicles (drones). The company will be investing Rs 25 crore in the new division.

OUS will benefit from the manufacturing knowledge and skill of Optiemus Electronics, a wholly owned subsidiary of Optiemus Infracom, and utilize the marketing capabilities of Optiemus Infracom to enhance efficiency and expand its presence in the market. OUS aims to cater to domestic and international market.

With the potential drone manufacturing market in India estimated to be worth US$4.2 billion by 2025 and US$23 billion by 2030, India aims to become a leading hub for drone production globally.

OUS is aiming to achieve 65% indigenisation within a year of launch, and it is focused on making its products export-ready. OUS plans to expand its offerings in smarter payloads and enhance the autonomy of its products by developing unmanned vehicles for various terrains. OUS believes that its drones will have applications in multiple industries, including defence, healthcare, agriculture, logistics, mining, railways, and oil & gas. The possible areas of application for their drones include asset management, disaster management, delivery, mapping & survey, and precision agriculture.

Ashok Gupta, chairman, Optiemus Infracom said, "Technology for All, our guiding beacon has been showing us the way. Optiemus Unmanned Systems is committed to design and manufacture reliable unmanned systems for today and tomorrow. As data security is a major concern, we are focussed on localisation, and sourcing parts from trusted partners and trusted locations as per government guidelines. We have already localised Autopilot, Motor Controller, GNSS receiver and Power Management System. We will also provide comprehensive support for maintenance, repairs including spare parts and upgrade our deployed drones."

Optiemus Group is a telecommunications and manufacturing enterprise based in India. It has a presence in the Indian electronics market with experience in telecommunications, technology, and manufacturing. Optiemus Group possesses expertise in distribution, marketing, and manufacturing of mobile and telecom products in the Indian subcontinent through its subsidiaries and associates.

On a consolidated basis, net profit of Optiemus Infracom rose 88.55% to Rs 9.39 crore on 36.80% increase in net sales to Rs 281.58 crore in Q1 June 2023 over Q1 June 2022.

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