RattanIndia Enterprises shares surge 11% on certification for DOPO drone
RattanIndia Enterprises, the flagship company of Rattanindia Group, zoomed 11% to ₹57.40 apiece in Wednesday's early trade. This sharp uptick in shares came after the company received DGCA’s certification for its drone product.
At 10:15 AM, the stock was trading with a gain of 8.12% at ₹55.90. The company announced today that Throttle Aerospace Systems (TAS) received type-certification for its drone product, DOPO, from the Directorate General of Civil Aviation (DGCA).
"DOPO is a multipurpose drone, and with this type of certification, it can be deployed across multiple industries like survey, mapping, inspection, agriculture, surveillance, and disaster management." "Throttle Aerospace Systems was India’s first company to receive a provisional drone license from DGCA, qualified for the Government of India’s Production-Linked Incentive (PLI) scheme, and is licensed to make drones for the defence industry," the company said in an exchange filing. Also Read: IdeaForge share: Drone stock hits new low, dips 30% in three month after dream debut.
Experts see more correction Commenting on the occasion, Mrs. Anjali Rattan, Business Chairperson of RattanIndia Enterprises Limited, said, “We are thrilled to receive the prestigious DGCA’s certification & approval for the quality and performance of our drone, DOPO.
This certification is a testament to our unwavering dedication towards ensuring the highest standard of safety, reliability, and performance of our products & services. This reflects our company’s commitment to meet and exceed regulatory standards while delivering cutting-edge solutions to our customers through our make-in-India products." RattanIndia Enterprises is engaged in new-age businesses including e-commerce (Cocoblu
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