Paras Defence and Space Technologies Limited has received an order from the Defence Research and Development Organisation (DRDO), Ministry of Defence, for the development of a high precision optical system for air defence applications. The order is valued at approximately INR 802.8 million and is scheduled to be executed within 18 months from the date of the supply order.
The company said in a stock exchange filing dated 09 March 2026 that the contract relates to the development of a high precision optical system intended for air defence applications. The order has been awarded by DRDO under the Ministry of Defence and is classified as a domestic contract.
According to the filing, the order value is approximately INR 802.8 million inclusive of taxes. The company also disclosed that the project is to be completed within 18 months from the date of the supply order.
Paras stated that the promoter, promoter group, or group companies do not have any interest in the entity awarding the contract. The company further said that the order does not fall within related party transactions.
Paras Defence and Space Technologies Limited manufactures defence and space engineering products and provides optical, electronics, electromagnetic pulse protection, and heavy engineering solutions. The company is headquartered in Navi Mumbai, Maharashtra.
