Droneacharya Aerial gains on tie-up with Vimaan Aerospace

The partnership will focus on applications in the agriculture sector, survey and surveillance, solar panel cleaning, windmill maintenance, facade cleaning, and defence

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DroneAcharya Aerial Innovations share price rose 2 percent on February 6 morning after the company signed a memorandum of understanding (MoU) with Vimaan Aerospace Pvt Ltd to collaborate on drones and training and services.

At 9.57 am, Droneacharya Aerial Innovations was quoting at Rs 182.50, up Rs 3.40, or 1.90 percent, on the BSE.

The partnership is strategically focused on applications in the agriculture sector, survey and surveillance, solar panel cleaning, windmill maintenance, facade cleaning, and defence, the company said.

It will kick off with projects in Satara, Maharashtra and will scale up at a Pan-India level soon.

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On January 29, the company received an order from Tata Community Initiatives Trust for providing Geographic Information System (GIS) training for drones to 15 individuals in Bengaluru.

The company also secured a work order for implementation of skill training programme catering to 20 candidates. This initiative, too, has been sponsored by TCIT.