Paras Defence Secures Rs.142.31 Crore Order from DRDO, share rise above 9%

Summary:

Paras Defence and Space Technologies Ltd. has received an order worth Rs.142.31 crores (including taxes) from CHESS, DRDO, Ministry of Defence for the development of a Laser Source Module and its integration with a Beam Control System (BCS) on a mobile platform. This project is part of a High-Power Laser System for anti-drone and anti-missile applications.

Stock Performance:
  • The stock surged 9.7% intraday, reaching a high of ₹1,046.95 following the announcement.
  • Market Cap : Rs.4,054.55 Cr.

Key Data Points:
  • Company: Paras Defence and Space Technologies Ltd.
  • Order Value: Rs. 142.31 crores (incl. taxes)
  • Project: High-Power Laser System for Defence Applications
  • Client: CHESS, DRDO, Ministry of Defence
About the Company:

Paras Defence and Space Technologies (PDST) is an Private sector company primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments - Defence & Space Optics, Defence Electronics, Heavy Engineering and Electromagnetic Pulse Protection Solutions.

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