New Delhi, June 23 -- Small-cap drone maker ideaForge Technology's stock hit its upper circuit on Monday, 23 June 2025, after the company announced that it had bagged a mini drone manufacturing order worth Rs.137 crore from the Ministry of Defence, according to an exchange filing.

The order details show that the company will supply the Mini UAVs (drones) with their accessories within a time period of 12 months.

"This is to inform you that ideaForge Technology Limited has received an order worth approx Rs.137 Crores (all inclusive) to supply Mini UAVs with accessories to Ministry of Defence," said the company in the BSE filing.

ideaForge is a Mumbai-based manufacturer of Unmanned Aircraft Systems (UAS) or drones for security, surveillan...