Shares of Mahindra & Mahindra Ltd. rose 2% to a day’s high of Rs 2,821.55 on 30th August after the company announced a partnership with Sentrycs to develop anti-drone technology for protecting India’s critical infrastructure, airports, and borders.

The Mahindra Group and Sentrycs Ltd. have signed a non-binding Memorandum of Understanding (MoU) to explore opportunities for the development of different types of anti-drone solutions for civil and military applications in India.

Sentrycs specialises in adaptive counter-drone solutions using advanced cyber over RF technology.

The agreement will focus on transferring technology (TOT) and manufacturing radio frequency-based counter-drone solutions under the Government of India’s ‘Make in India’ initiative.

‘Differentiated anti-drone solution” is an autonomous, integrated system with a command and control (C2) module destined for the detection, tracking, identification, and mitigation of inbound drones.

Vinod Sahay, President, Aerospace & Defense Sector, and Member of the Group Executive Board at Mahindra, said that the solution propels the need to ‘protect the country’ and further their ‘Make in India’ goals.

The company’s market capitalisation rose to Rs 349,263 crore.

At 2:45 PM, the shares of M&M were trading 1.86% higher at Rs 2,808.80 on NSE.

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