We are pleased to inform that Paras Anti-Drone Technologies Private Limited ("Paras Anti-Drone"), a subsidiary of Paras Defence and Space Technologies Limited ("PARAS"), has received an order from Ministry of Defence, Government of India valued at approximately Rs. 3.95 crores (incl GST) for Anti-Drone Systems such as Radio Frequency (RF) Jammers.
PARAS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Paras Defence's subsidiary, Paras Anti-Drone Technologies, has secured an order worth approximately Rs. 3.95 crores (inclusive of GST) from the Ministry of Defence, Government of India. The order is for Anti-Drone Systems, specifically Radio Frequency (RF) Jammers. The order has been received by the subsidiary, not directly by the listed entity. This adds to the company's defence order book, though the value is modest in size.
Positive for the company's order pipeline and revenue visibility, especially in the growing anti-drone segment, but the small order size limits immediate material impact on the stock.