We are pleased to inform that PARAS has received an order from Bharat Electronics Limited valued at approximately Rs. 52.82 Cr. (Incl. of Taxes) for supply of Electro-Optics.
PARAS · price
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Paras Defence and Space Technologies has secured an order worth approximately Rs. 52.82 Crore (inclusive of taxes) from Bharat Electronics Limited (BEL) for the supply of Electro-Optics products. Bharat Electronics Limited is a leading public sector undertaking under India's Ministry of Defence. Electro-Optics is a core product category for Paras Defence, used in defence and surveillance applications. The order strengthens the company's order book and reflects continued business traction with major defence customers.
Positive for the stock in the near term as it adds a sizeable, credible order from a marquee defence PSU, reinforcing revenue visibility. Could support sentiment around the company's defence business growth prospects.