Coromandel , a Murugappa Group company, has invested Rs 204 crore to buy 32.68 per cent equity in Dhaksha, a Chennai-based drone start-up. Dhaksha offers UAS technology solutions for agriculture, defence, surveillance and enterprise applications. Post completion of the above transactions, the Company, through its wholly owned subsidiary, Coromandel Technology Limited, will hold 51.02% equity stake in Dhaksha, a leading drone manufacturing company. Login with Dealer ID or Email ID or Mobile No. Chennai, August 07, 2023: Coromandel International’s subsidiary, Dhaksha Unmanned Systems, a leading Indian drone manufacturer, has bagged an order to supply 200 medium altitude logistics drones and accessories to the Indian Army. Recently, Dhaksha has also bagged a 400-drone contract from agri inputs cooperative IFFCO for supply of agri-spraying drones. These are planned to be delivered over the course of next 12 months. Dhaksha’s orders for the current year have exceeded 165 crores ...
