Paras Defence And Space Technologies Limited has informed the Exchange about Receiving of orders from Bharat Electronics Limited ("BEL") amounting to Rs. 45.32 crs (incl. taxes) for Supply of Signal and Data Processing Systems and Multi-Sensor Fusion Systems.
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Paras Defence has received an order worth Rs. 45.32 crores (including taxes) from Bharat Electronics Limited (BEL), a domestic defence PSU. The order is for the supply of Signal and Data Processing Systems and Multi-Sensor Fusion Systems, intended for use in Air Defence Applications. The contract is to be executed within 29 months or earlier. The order has been placed by a domestic entity, with no related party involvement or promoter interest in BEL.
Positive for the company — this order from a reputed defence PSU adds to revenue visibility over the next 2.5 years and strengthens Paras Defence's standing in India's air defence electronics supply chain. Order size is meaningful relative to the company's scale, though execution timeline is spread out.