DroneAcharya Aerial Innovations’ shares rise 2.4% after bagging new contract

DroneAcharya Aerial Innovations has bagged a work order from Alter Dynamics & Artificial Intelligence, valued at AED 239,819.00 (₹53 lakh), for the use of drones in inspection of piles above water, catering to the requirements of Abu Dhabi National Oil Company (ADNOC).

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The collaboration marks the integration of advanced drone tech — equipped with high-resolution sensors — with conventional industries, particularly in offshore assets.

Prateek Srivastava, Founder and Managing Director of DroneAcharya, said, “This milestone represents a significant entry into the relatively untapped drone survey market in the Middle East.”

The stock traded at ₹155.00 on the BSE, higher by 2.41 per cent as of 11:45 am.