Zen Technologies has received an order from a government customer for Annual Maintenance Contract for a period of 5 years for an approximate value of Rs 40 crore.On export front the Company recently received an order for supply of Zen's simulators to a West African army for about $1.4 million and the same has been partially executed.
Further the Company received order for supply of Zen's simulators to a Middle East country for about $ 700,000. The order is expected to be executed during Q3 of FY 2020-21.Both the export orders aggregate to Rs 15.56 crore (converted USD at the rate of Rs 73.28).
Zen Technologies is a pioneer in the design, development and manufacture of world class, state-of-the-art training simulators. ZEN has been at the forefront of applying new technologies and developing new products and is actively involved in indigenization of technologies, which are helpful for Indian security forces.
