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An announcement from Paras Defence & Space Technologies Ltd. ( (IN:PARAS) ) is now available.
Paras Defence & Space Technologies Ltd. has secured an order worth approximately Rs. 80.28 crore, including taxes, from the Defence Research and Development Organisation under the Ministry of Defence to develop a high-precision optical system for air defence applications. The domestically awarded contract, which is to be executed within 18 months, strengthens Paras Defence’s role in India’s indigenous defence technology ecosystem and underscores its positioning as a key supplier of critical optical systems for strategic air defence projects, with no related-party or promoter conflicts disclosed.
More about Paras Defence & Space Technologies Ltd.
Paras Defence & Space Technologies Ltd. is an Indian company operating in the defence and space sector, focusing on the design and development of advanced technologies for military and aerospace applications. The company’s offerings include high-precision optical and allied systems that cater primarily to domestic defence agencies and strategic programs.
Average Trading Volume: 174,816
Technical Sentiment Signal: Strong Buy
Current Market Cap: 60.26B INR
For an in-depth examination of PARAS stock, go to TipRanks’ Overview page.