ideaForge ₹100 Crore Government Order: Such a stir has been recorded in the Indian defense market this week, which has suddenly brought the entire drone sector into the limelight. ideaForge Technology Ltd, a leading company in the UAV industry, has received large orders worth more than ₹ 100 crore from the government and the Indian Army.

But the real importance of this deal lies not only in the amount, but in the platforms that are going to take India’s new defense strategy to the next level.

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Indian Army’s ₹75 crore ‘Tactical Gamechanger’ – ZOLT

The Indian Army has given the biggest order to the company. This is the purchase of ZOLT Tactical UAV worth more than ₹75 crore.

This purchase has been made under the Capital Emergency Procurement provision, which means that the Army wants to make immediate operational use of this technology. ZOLT was showcased for the first time at Aero India 2025 this year.

The platform is designed for these missions:

• long range intelligence
• High-end surveillance
• Terrain-Focused Reconnaissance
• Precision Payload Delivery

The company has to complete the delivery of this UAV within 12 months.

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Second big deal – ₹30 crore order for SWITCH V2 UAV

ideaForge has won another important contract. This is a SWITCH V2 UAV order worth ₹30 crore.

SWITCH V2 is already a part of the Indian Army and has proven its reliability in many sensitive ISR missions. The company will complete its delivery within 6 months.

Both the ZOLT and SWITCH V2 platforms were big attractions at Aero India 2025 and since then defense experts have been particularly confident about their capabilities. Both orders together further strengthen ideaForge’s position among India’s top UAV manufacturers.

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CEO statement — “Mission-ready, AI-powered systems are the future”

The company’s CEO and co-founder Ankit Mehta said, “We are building secure, AI-based and mission-ready platforms for India, capable of operating in any climate and challenge. The new orders strengthen our vision and show that confidence in indigenous technology is continuously growing.”

He also said that the development of ZOLT is the result of the company’s commitment towards technological vision, industrial innovation and indigenization.

Condition of shares – big order came amid decline

Despite getting big contracts, the company’s shares currently appear to be under pressure.

• Closing Price (14 November): ₹466 (+0.87%)
• 6 month return: –14.04%
• 1 year return: –19.44%
• So far in 2025: –25.36%

It is clear that the stock is under pressure, but this government deal may change investor sentiment in the coming weeks.

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Q2 FY26 performance also strong

The company had reported a net profit of ₹20 crore, a growth of 41% in its recently released Q2 results. This shows that the company’s operational growth and its hold in the defense sector is continuously getting stronger.

A new era in the drone industry?

This big government order received by ideaForge is not just a business deal. This signals the beginning of a new era in India’s rapidly growing UAV ecosystem.

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