We are pleased to inform that a Licensing Agreement for Transfer of Technology of Driver Night Sight (DNS) for T-90 Tank has been signed between Defence Research & Development Organisation (DRDO), Ministry of Defence, Government of India and Paras Defence and Space Technologies Limited (PARAS).
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Paras Defence has signed a Licensing Agreement for Transfer of Technology (ToT) of Driver Night Sight (DNS) for T-90 Tanks with DRDO, Ministry of Defence, Government of India. The DNS is a critical night-vision system used by the Indian Army's T-90 main battle tanks, enabling operations in low-light and night conditions. This agreement gives Paras Defence the rights to locally manufacture and supply this DRDO-developed technology, reducing dependence on imports. The deal strengthens the company's position in the defence offset and indigenous defence manufacturing space. It also opens up potential revenue streams from domestic and export markets for tank night-sight equipment.
Positive for shareholders — this marquee agreement with DRDO boosts Paras Defence's defence order pipeline and validates its Make-in-India credentials, likely to be viewed favourably by the market.