Shares of Paras Defence and House Applied sciences Ltd surged 6% on Friday, 12 September after the corporate introduced securing an order price Rs 26.6 crore.
In its regulatory submitting, the corporate mentioned that they’ve secured orders from the state-owned Opto Electronics Manufacturing facility (OLF), a unit of India Optel Ltd, a authorities entity underneath the Defence Ministry.
The deal might be executed between December 2025 and September 2026, based on a inventory trade submitting by Paras Defence.
The order is for the supply of Digital Management Techniques utilized within the Thermal Imaging Hearth Management System (TIFCS) for fight tank functions, which Opto Electronics Manufacturing facility will present to the Indian Armed Forces, based on the enterprise.
The whole worth of contracts for the supply of Digital Management Techniques in TIFCS has elevated to round Rs 141.63 crore, together with taxes, attributable to incremental orders.
The unique orders have been roughly Rs 115.03 crore, together with further portions of essential parts just like the Management Panel for Ballistic Laptop, Ballistic Laptop, and Gun Positioning System.
Opto Electronics Manufacturing facility, a subdivision of India Optel Ltd, is a state-owned defence firm based mostly in Dehradun.
Paras Defence confirmed that the orders have been issued by a home firm and said that the promoter group and linked events don’t have any stake in OLF. The contract is just not thought-about a associated occasion transaction.
Earlier, in August, Navi Mumbai-based Paras Defence acquired a Rs 45.32 crore order from Bharat Electronics (BEL) to supply sign and knowledge processing methods, in addition to multi-sensor fusion methods.
Moreover, in August, the enterprise signed right into a collaboration take care of Germany’s Excessive Efficiency House Construction Techniques GmbH to work on protection and house tasks in India.
At 2:44 pm, the shares of Paras Defence have been buying and selling 5.12% larger at Rs 687.50 on NSE.
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