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Zen Technologies Gains 5%; wins Rs 30 crore Export Order
Shares of Zen Technologies advanced 5.6 percent intraday Thursday as it has won biggest export order from the Government of Egypt. The company has won an export order worth Rs 30 crore from Ministry of defence, government of Egypt to provide range of training equipment including smart target systems.
Ashok Atluri, CMD of Zen Technologies said, "The order from Egyptian government is a reflection of our commitment towards providing the best training tools to security force to tackle and nuetralize both external and internal threats.
We look forward to a fruitful and long term association with the Egyptian government." The company's board meeting will be held on August 08, 2016, to consider, take on record and approve the unaudited financial results for the first quarter ended June 30, 2016.
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