India, Oct. 17 -- Listed dronetech company DroneAcharya has bagged a contract worth INR 1.09 Cr (about $124K) from the Indian Army.

In an exchange filing today, the company informed that it has been awarded with a work order by the Indian Army (ministry of defence) for the supply of 180 first-person view drones.

The company plans to deliver the drones in three installments, within a period of one year. The first installment is scheduled for April 14, 2026.

Shares of the BSE SME listed company surged over 15% to INR 60.3 apiece during intraday trading today. At 13:56 IST, the company's shares were trading at INR 58.00, marking a 10.96% from previous close.

The development comes almost a month after DroneAcharya disclosed its financial ...