OptiValue Tek Consulting disclosed to India's National Stock Exchange on 25 September that it had received a letter of intent from Aerial IQ India for the manufacture and supply of 100 tethered drone systems, including spares. The company says the work is intended for a proposed Ministry of Defence order under the Innovations for Defence Excellence (iDEX) programme, routed through Aerial IQ under an existing technology-transfer agreement.
The filing gives a tentative minimum value of ₹70 crore and an approximate 12-month execution period. It explicitly says final commercial terms remain under negotiation. The named counterparty to OptiValue is Aerial IQ; the disclosure is not itself a Ministry of Defence contract announcement.
What the filing establishes
The document establishes the company's reported letter of intent and its proposed production scope. It does not confirm a final government purchase, manufacture of the 100 systems, delivery to a military unit or operational acceptance. Nor does it provide a named system configuration or independently tested performance figures. Those are the next records needed to assess how far the project progresses.
Tethered aircraft can be useful where a sustained observation position and a physical power or data link matter, but this announcement supplies no mission-specific requirements. The quantity and tentative value should therefore be read as proposed commercial terms, not an in-service fleet count.
Publication history
- — Added the reported letter of intent with proposed value and procurement limits explicit.
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Follow the evidence
Source types identify who makes the claim. Programme milestones and supplier statements should be read in context.
- OptiValue Tek Consulting NSE filing, 25 September 2026 (opens in a new tab)Stock-exchange filing
