New Delhi, Nov. 17 -- IdeaForge share price surged more than 11% during Monday's trading session, following the announcement that the city-based drone manufacturer had acquired over Rs.100 crore in new defence contracts, marking one of its most significant order wins this year.

On Friday, IdeaForge Technology announced it had received a supply order valued at approximately Rs.100 crore from the Indian Army for its advanced tactical unmanned vehicle Zolt and its versatile all-terrain VTOL drone SWITCH 2.

The firm announced that the emergency capital procurement order for Zolt is approximately Rs.75 crore, which came after what it termed a thorough and in-depth assessment process that included "comprehensive field trials in electronic war...