Shares of Paras Defence and Space Technologies Ltd surged 4% on 3 October after the company announced that its subsidiary, Paras Anti-Drone Technologies, received a Rs 46.19 crore order from the Ministry of Defence, Government of India (GoI).

In an exchange filing, Paras Defence said, “We are pleased to inform you that Paras Anti-Drone Technologies Private Limited (Paras Anti-Drone), a Subsidiary of Paras Defence and Space Technologies Limited, has received an order from Ministry of Defence, Government of India valued at approximately Rs 46.19 crore (including GST) for anti-drone systems such as drone jammers.” 

According to the conditions of the order, the company will be expected to provide Anti-Drone Systems such as Drone Jammers. The order is planned to be delivered in March 2026 (tentative).
 
Paras Defence recently secured a $3.8 million (Rs 34 crore) order for ElectroOptics from Israel’s Elbit Security Systems Limited.

Paras Defence is a top Indian indigenous design, development, and manufacturing (IDDM) organisation that specialises in innovative defence and space engineering solutions. 

The firm was founded in 2009 and will be listed on stock exchanges in 2021. It has excellent competence in optics, electronics, heavy engineering, and cutting-edge technology such as anti-drone systems.

It is regarded as a pioneer in fields like infrared optics, submarine periscopes, and crucial components for ISRO’s space missions, providing capabilities ranging from design to deployment.

With a focus on indigenous innovation, Paras Defence provides turnkey solutions that include concept design, development, and final commissioning. Its portfolio addresses the mission-critical needs of armed forces and space organisations, making it a reliable partner in strengthening India’s strategic capabilities.

At 2:25 pm, the shares of Paras Defence were trading 3.07% higher at Rs 718.55 on NSE. 

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