Shares of Rattan India Enterprises saw a rise of more than 11 percent today. After which the shares of the company reached the level of Rs 57.40. The reason for the rise in the shares of Ratan India Enterprises is that the company has received certificate from DGCA for its drone product. This news has increased the demand for the company’s shares today.
Certification of Throttle Aerospace Systems
According to the information given by the company, the certification of Throttle Aerospace Systems (TAS) has been received for DOPO drone product. The company has received this certificate from DGCA.
Ratan India Enterprises has said in the information given to the exchanges, “DOPO is a multi-purpose drone. “After this certificate, the company’s drones can be used for survey, mapping, investigation, agriculture, surveillance and disaster management.”
Company will make drones for defense industry
The company has said, “Throttle Aerospace Systems is the first company in India to be granted a provisional drone license by DGCA. The company has now also qualified for the PLI scheme of the Government of India. Besides, it can also make drones for the defense industry.”
The Directorate General of Civil Aviation (DGCA) is the regulatory body in India for civil aviation activities and ensuring the safety and security of civil aviation operations.
DGCA is responsible for issuing licenses to pilots and aircraft maintenance engineers. This involves evaluating the qualifications, training, and experience of individuals to ensure they meet the required standards for safe aviation practices.
Throttle Aerospace Systems (TAS) is a drone hardware and software maker company in Bangalore, India. TAS is also licensed to manufacture military grade drones for the Ministry of Defence.
Nagendran Kandasamy, the founder of Throttle Aerospace Systems (TAS).
Rajiv Rattan is the founder and chairman of RattanIndia Enterprises Limited.