RattanIndia Enterprises Ltd (REL) had recently acquired majority of shareholding in India’s leading drone company Throttle Aerospace Systems Private Limited (TAS) through NeoSky India Limited, a wholly owned subsidiary of REL, the company stated in a press release on Thursday.
The objective of this scheme is to incentivise domestic manufacturing of Unmanned Aerial Vehicles (UAVs) and UAV components in India in line with Govt. of India’s vision to make India a global drone hub. PLI scheme is aimed to make the industry self-sustaining and competitive across the globe.
Drones are a valuable component for multiple industries such as agriculture, infrastructure, emergency response and disaster relief, transportation, geospatial mapping and mapping for marketing purposes, media and entertainment, law enforcement and defence.
At around 3:20 PM, RattanIndia Enterprises was trading at Rs43.50 per share higher by 4.95% on the BSE.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.