We are pleased to inform that Paras Defence and Space Technologies Limited ("PARAS"), has received an order from Ministry of Defence, Government of India valued at approximately Rs. 35.68 Crores (Incl GST) for Portable Counter-Drone Systems (PCDS) (Anti-Drone).
PARAS · price
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Awaiting price reaction for this filing.
Paras Defence and Space Technologies has received an order valued at approximately Rs. 35.68 Crores (inclusive of GST) from the Ministry of Defence, Government of India. The order is for Portable Counter-Drone Systems (PCDS), which are anti-drone defence solutions. This is a domestic government defence order, adding to the company's order book in the fast-growing counter-drone technology segment. No additional details on delivery timelines or other terms were disclosed in this filing.
Positive for the company as it reinforces revenue visibility from the defence segment and highlights capability in the strategically important anti-drone space. Short-term stock reaction may be modestly positive, though the order size may need to be assessed against overall revenue and existing order book for material impact.