Paras Defence And Space Technologies Limited is pleased to inform you that we have received an order from DRDO, Ministry of Defence valued at approximately Rs. 7.72 Cr. (Incl. of Taxes) for Development of Ku/C-Band Satellite Communication Phased Array Antennas for Airborne Applications.
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Paras Defence and Space Technologies Limited has received a development order from DRDO (Defence Research and Development Organisation), Ministry of Defence, valued at approximately Rs. 7.72 Crores (inclusive of taxes). The contract is for the development of Ku/C-Band Satellite Communication Phased Array Antennas specifically designed for airborne applications. This is a domestic order, not an export contract. The development work is to be completed by 29 April 2028. The company has confirmed that this order does not involve any related party transactions and that no promoter group interests exist in the awarding entity.
This order strengthens Paras Defence's relationship with DRDO and the Ministry of Defence, supporting its order book. The Rs. 7.72 Crore value, while positive, is a development contract with a 2-year completion timeline, so revenue recognition will be gradual.