Announced Mon, 28 Sept, 2026 · 13:07 IST
Paras Defence bags Rs 26.59 cr DRDO order for Hyperspectral Mission
PARAS · price
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Price reaction · full curve 14 horizons · vs prior close
-0.4%1-day move
₹1324.00
prior close
₹1297.50
base price
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AI summary
Paras Defence has received an order worth about Rs 26.59 crore (including taxes) from DRDO, Ministry of Defence. The company will act as Lead System Integrator and handle complete design, manufacturing and assembly of the Optics and Opto-Mechanical Unit for a Hyperspectral Mission. The payload is a space-borne system meant for Earth Observation. Delivery is due on or before 27 September 2027 and a performance security of about Rs 79.76 lakh has been deposited.
Likely market impact
Positive: domestic defence order from DRDO strengthens order book and confirms capability in advanced space-grade optics for a niche mission.