Paras Defence and Space Technologies Limited has secured a significant order from the Defence Research and Development Organisation (DRDO), Ministry of Defence, Government of India. The company disclosed this development to BSE Limited and the National Stock Exchange of India Limited on March 20, 2025, in compliance with Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015.
Key Highlights of the Order
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Awarding Entity: Center for High Energy Systems & Sciences (CHESS), DRDO, Hyderabad.
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Project Scope: Development of a Laser Source Module and its integration with a Beam Control System (BCS) on a mobile platform.
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Application: Part of the High-Power Laser System for Anti-Drone and Anti-Missile defense applications.
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Order Value: ₹142.31 crore (including taxes).
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Execution Timeline: The project is expected to be completed within 24 months.
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Promoter/Related Party Disclosure: No promoter, promoter group, or group companies of Paras Defence have any interest in DRDO, and the order does not fall under related party transactions.
Strategic Importance
This order strengthens Paras Defence’s role in India’s growing defense technology sector, particularly in laser-based counter-drone and missile defense systems. The project aligns with India’s Atmanirbhar Bharat vision, focusing on indigenous defense capabilities.
Paras Defence has consistently contributed to India’s defense and space sectors, and this latest contract highlights its expertise in advanced laser and optics-based defense technologies.
With an execution period of two years, this project will enhance India’s defense preparedness, particularly against emerging aerial threats like drones and missiles.
Final Thoughts
This development follows other major defense contracts recently awarded in India, further solidifying Paras Defence’s position as a key player in the defense technology ecosystem. The company has adhered to SEBI regulations by promptly informing stock exchanges about this order.
Stay tuned for further updates on this and other major developments in India’s defense and aerospace sectors!
