Shares of Paras Defence and House Applied sciences Ltd jumped 2% on 14 October after the corporate signed a Memorandum of Understanding (MoU) with Cielo Inertial Options, Israel.
The agency and CIELO will mix their respective strengths to advertise and search prospects in India for the difference, advertising, sale, and manufacturing of inertial sensors and closed-loop FOG-based inertial options.
CIELO is a world technical chief in inertial techniques, in addition to an Israeli producer of Closed Loop FOGs, IMUs, GyroCompass, North Discovering Techniques, and INS.
Earlier this month, the corporate’s subsidiary Paras Anti-Drone Applied sciences obtained an order from the Ministry of Defence, Authorities of India, for about Rs 46.19 crore (incl GST) for Anti-Drone Techniques reminiscent of Drone Jammers.
Final month, the corporate acquired a world order from Elbit Safety Techniques in Israel for ElectroOptics for roughly 3.8 million USD (Rs 34 crore).
At 12:05 pm, the shares of Paras Defence had been buying and selling 0.08% larger at Rs 708.20 on NSE.
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