Stock Report

RattanIndia Enterprises' Cargo Drone L15 Supplying Essentials to Flood Hit Andhra Pradesh



Posted On : 2024-09-06 15:04:21( TIMEZONE : IST )

RattanIndia Enterprises' Cargo Drone L15 Supplying Essentials to Flood Hit Andhra Pradesh

The state of Andhra Pradesh is hit by massive floods, caused by torrential rains impacting thousands of acres of crops, power lines, damaged railway lines, submerged roads. Thousands of families are cut-off not able to receive essentials like milk, fresh water, food & other essentials, due to submerged roads.

We are proud to announce that we deployed our L-Series cargo drones in the state of Andhra Pradesh to help the local authorities connect the last mile. Our L15 cargo drones did close to 30 sorties a day, delivering milk packets, water bottles, food, vegetables, groceries and many more. Our drones were loaded with items in a basket, took-off from the nearby bridge and hovered over the building allowing the residents to collect these items without stepping out of their homes.

L-Series cargo drones can carry up to 20 kg payload, can travel up to 5 kms one way, having an endurance of up to 45 mts. L-Series can do operations in an auto-mode flying on a preprogrammed route with limited pilot supervision. These drones are rugged and can withstand wind speeds and operate in tough terrains. L-series drones are the best technological aid during any disaster management.

Speaking on this occasion, Mrs. Anjali Rattan, Chairperson of RattanIndia Enterprises Limited commented: "RattanIndia's mission is to solve problems, through technology that create sustainable value for the society. It pains me to see the suffering of our people during the recent floods, especially infants, kids & women as they are cut-off from receiving essentials due to sub-merged roads. In times of crisis, it is our duty to leverage our drone technology to provide swift and effective support during the disaster relief.

Our drone's role is the bridge the gap and ensure we connect the last mile, we are glad that our L-Series cargo drones can do our bit in delivering essentials to the one in need. We are committed to standing by the communities affected by this disaster and doing everything we can to assist".

Shares of RattanIndia Enterprises Limited was last trading in BSE at Rs. 79.99 as compared to the previous close of Rs. 82.26. The total number of shares traded during the day was 5746467 in over 6814 trades.

The stock hit an intraday high of Rs. 84.40 and intraday low of 79.50. The net turnover during the day was Rs. 468810330.00.

Source : Equity Bulls

Keywords

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