Shares of Paras Defence and House Applied sciences Ltd surged 4% on 3 October after the corporate introduced that its subsidiary, Paras Anti-Drone Applied sciences, obtained a Rs 46.19 crore order from the Ministry of Defence, Authorities of India (GoI).
In an alternate submitting, Paras Defence mentioned, “We’re happy to tell you that Paras Anti-Drone Applied sciences Personal Restricted (Paras Anti-Drone), a Subsidiary of Paras Defence and House Applied sciences Restricted, has obtained an order from Ministry of Defence, Authorities of India valued at roughly Rs 46.19 crore (together with GST) for anti-drone techniques similar to drone jammers.”
In accordance with the situations of the order, the corporate can be anticipated to offer Anti-Drone Techniques similar to Drone Jammers. The order is deliberate to be delivered in March 2026 (tentative).
Paras Defence not too long ago secured a $3.8 million (Rs 34 crore) order for ElectroOptics from Israel’s Elbit Safety Techniques Restricted.
Paras Defence is a prime Indian indigenous design, growth, and manufacturing (IDDM) organisation that specialises in revolutionary defence and area engineering options.
The agency was based in 2009 and can be listed on inventory exchanges in 2021. It has wonderful competence in optics, electronics, heavy engineering, and cutting-edge know-how similar to anti-drone techniques.
It’s considered a pioneer in fields like infrared optics, submarine periscopes, and essential elements for ISRO’s area missions, offering capabilities starting from design to deployment.
With a deal with indigenous innovation, Paras Defence supplies turnkey options that embrace idea design, growth, and ultimate commissioning. Its portfolio addresses the mission-critical wants of armed forces and area organisations, making it a dependable accomplice in strengthening India’s strategic capabilities.
At 2:25 pm, the shares of Paras Defence had been buying and selling 3.07% greater at Rs 718.55 on NSE.
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