Coromandel Boosts Stake in Dhaksha
ECONOMY & POLICY

Coromandel Boosts Stake in Dhaksha

Coromandel International, a leading Indian conglomerate, has intensified its investment in Dhaksha, a pioneering drone technology company. This strategic move underscores Coromandel's commitment to expanding its presence in cutting-edge technologies and reinforces its position as an innovative industry leader.

The decision to increase its stake in Dhaksha comes amidst a burgeoning interest in drone technology across various sectors, including agriculture, defence, and surveillance. With an investment of Rs 250 crore, Coromandel aims to leverage Dhaksha's expertise to drive innovation and efficiency across its operations.

Dhaksha, renowned for its advanced drone solutions, has carved a niche for itself in the rapidly evolving UAV (Unmanned Aerial Vehicle) market. By bolstering its partnership with Dhaksha, Coromandel seeks to harness the potential of drone technology to enhance productivity, streamline processes, and deliver value to its stakeholders.

This strategic collaboration between Coromandel and Dhaksha is poised to revolutionise several industries by introducing cutting-edge drone applications. From precision agriculture techniques to aerial surveillance and monitoring, the integration of drone technology promises to revolutionise traditional practices and unlock new avenues for growth and development.

Key stakeholders in sectors such as agriculture, defence, and infrastructure stand to benefit significantly from the synergies between Coromandel and Dhaksha. The infusion of capital underscores Coromandel's confidence in Dhaksha's capabilities and its commitment to fostering innovation-driven partnerships.

As the world transitions towards a technology-driven future, Coromandel's strategic investment in Dhaksha reaffirms its vision to embrace disruptive technologies and drive sustainable growth. This collaboration underscores the transformative potential of drone technology and positions both companies as frontrunners in the race towards innovation and progress

Coromandel International, a leading Indian conglomerate, has intensified its investment in Dhaksha, a pioneering drone technology company. This strategic move underscores Coromandel's commitment to expanding its presence in cutting-edge technologies and reinforces its position as an innovative industry leader. The decision to increase its stake in Dhaksha comes amidst a burgeoning interest in drone technology across various sectors, including agriculture, defence, and surveillance. With an investment of Rs 250 crore, Coromandel aims to leverage Dhaksha's expertise to drive innovation and efficiency across its operations. Dhaksha, renowned for its advanced drone solutions, has carved a niche for itself in the rapidly evolving UAV (Unmanned Aerial Vehicle) market. By bolstering its partnership with Dhaksha, Coromandel seeks to harness the potential of drone technology to enhance productivity, streamline processes, and deliver value to its stakeholders. This strategic collaboration between Coromandel and Dhaksha is poised to revolutionise several industries by introducing cutting-edge drone applications. From precision agriculture techniques to aerial surveillance and monitoring, the integration of drone technology promises to revolutionise traditional practices and unlock new avenues for growth and development. Key stakeholders in sectors such as agriculture, defence, and infrastructure stand to benefit significantly from the synergies between Coromandel and Dhaksha. The infusion of capital underscores Coromandel's confidence in Dhaksha's capabilities and its commitment to fostering innovation-driven partnerships. As the world transitions towards a technology-driven future, Coromandel's strategic investment in Dhaksha reaffirms its vision to embrace disruptive technologies and drive sustainable growth. This collaboration underscores the transformative potential of drone technology and positions both companies as frontrunners in the race towards innovation and progress

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code