Paras Defence And Space Technologies Limited has informed the Exchange about receiving of incremental order from Opto Electronics Factory ( OLF ), a Unit of India Optel Ltd., Govt. of India Enterprise, Ministry of Defence, Dehradun, valued at approximately Rs. 26.6 Crores (incl. taxes) for supply of Electronic Control Systems used in Thermal Imaging Fire Control System (TIFCS) for Battle-Tank application delivered by OLF to Indian Armed Forces.
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Paras Defence has received an incremental order valued at approximately Rs. 26.6 Crores (inclusive of taxes) from Opto Electronics Factory (OLF), a unit of India Optel Ltd., a Government of India Enterprise under the Ministry of Defence, Dehradun. The order is for the supply of Electronic Control Systems used in Thermal Imaging Fire Control System (TIFCS) for battle-tank applications, which OLF delivers to the Indian Armed Forces. This is an incremental order, indicating an addition to the existing order book rather than a fresh contract. The order strengthens the company's position in the defence electronics segment, which is a key focus area. No further details on delivery timelines or margin guidance were disclosed in the filing.
Positive for the company's order book and revenue visibility in the defence segment. Reinforces investor confidence in the company's relationship with the Ministry of Defence and its role in indigenous defence manufacturing, though the order size is moderate relative to the company's overall scale.