The mood in the market today briefly shifted towards the defence space, and one small-cap defence stock quietly captured the spotlight—IdeaForge. The company drew attention after confirming a fresh round of defence contracts worth over ₹100 crore, pushing the IdeaForge share price sharply higher during the session.
For a stock that often moves with news-driven sentiment, this order flow from the Indian Army brought back strong interest from traders tracking the UAV and military technology segment.
Market Performance: IdeaForge Share Price Reacts to New Defence Orders
The stock opened the day on a stronger footing.
- Opening price: ₹492.50
- Intraday high: ₹519.90
- Intraday low: ₹492
The sharp uptick aligned with the flow of fresh contracts, keeping the IdeaForge share price in focus throughout the morning.
Main News: IdeaForge Bags Defence Contracts Worth Over ₹100 Crore
The big trigger came from a set of new defence orders exceeding ₹100 crore, making it one of the company’s most significant wins this year. These contracts reaffirm the rising adoption of UAV platforms in India’s tactical and ISR operations.
The company confirmed two major orders:
1. ZOLT Tactical UAV – Order Worth ₹75 Crore
The Indian Army placed an order of about ₹75 crore for its newly introduced tactical UAV, ZOLT, under Capital Emergency Procurement.
The order follows extensive assessments that included:
- Field trials in electronic warfare (EW) environments
- Verification of country of origin
- Comprehensive performance evaluations
ZOLT was showcased at Aero India 2025, designed as a long-range ISR and precision-mission UAV.
2. SWITCH V2 – Order Worth ₹30 Crore
Another order worth ₹30 crore was placed for the company’s hybrid UAV, SWITCH V2, which is already in active use.
Deliveries for this platform are lined up over the next six months based on the contract requirement. SWITCH V2 was also displayed at Aero India 2025 and is positioned as a versatile, all-terrain VTOL UAV for ISR roles.
Company Details: Growing Role of UAV Platforms in Defence Operations
IdeaForge has continued to expand its role in India’s growing defence-tech ecosystem. The company highlighted that its latest order wins stem from consistent work in developing performance-driven UAVs with an emphasis on:
- Autonomy
- Reliability
- Resilience
- Indigenous design
Both ZOLT and SWITCH V2 align with the broader shift toward tactical UAV platforms in the Indian defence landscape.
Summary: IdeaForge Back in Focus as Defence Orders Boost Sentiment
The session placed IdeaForge firmly on the radar in the list of active small-cap defence stocks. With contracts worth over ₹100 crore—split across ZOLT (₹75 crore) and SWITCH V2 (₹30 crore) the company delivered one of its biggest order updates of the year.
The move came at a time when the stock market today already had a strong thematic push toward defence, helping the IdeaForge share price react positively during the session.
The company now stands with a fresh set of confirmed orders from the Indian Army, strengthening its presence in India’s UAV deployment ecosystem without adding any new forward-looking statements or expectations.
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