MUMBAI, November 17, 2025 – In a significant development boosting its defence portfolio, Paras Defence and Space Technologies Limited (BSE: 543367, NSE: PARAS) has announced the receipt of a major order from the Defence Research and Development Organisation (DRDO).
The company has officially intimated the stock exchanges that it has been awarded a contract valued at approximately ₹71.68 crores (including GST) by the Instruments Research & Development Establishment (IRDE) under DRDO, Ministry of Defence.
Key Details of the Contract:
- Product: The order involves the supply of two advanced Optronic Periscopes specifically designed for submarine applications. Optronic periscopes represent a modern evolution from traditional optical periscopes, integrating advanced electro-optical sensors, thermal imagers, and laser rangefinders to significantly enhance a submarine’s surveillance and targeting capabilities.
- Client: The order has been placed by a domestic entity, the IRDE-DRDO, Ministry of Defence, Government of India.
- Execution Timeline: Paras Defence is slated to execute and deliver the order between August and September 2026.
- Arm’s Length Transaction: The company has clarified that its promoters or group companies do not have any interest in the entity that awarded the contract, confirming that this is not a related party transaction.
This contract underscores Paras Defence’s growing expertise and credibility in the highly specialized domain of defence and space technology. Securing an order from a premier research agency like DRDO not only adds to the company’s order book but also serves as a strong testament to the technical sophistication and quality of its manufacturing capabilities.
The management of Paras Defence, led by Managing Director Munjal Sharad Shah, has expressed optimism about this development, which is expected to contribute positively to the company’s financial performance for the upcoming fiscal year.
Investors and market analysts often view such defence contracts as positive indicators of a company’s long-term growth prospects, given the Indian government’s continued focus on indigenisation and strengthening national security.
About Paras Defence and Space Technologies Limited:
Paras Defence and Space Technologies Limited is a prominent player in the Indian defence and aerospace sector, engaged in the designing, developing, manufacturing, and testing of a wide range of defence and space equipment. The company’s product portfolio includes engineering systems, electromechanical systems, and sensors critical for various military and space applications.
This news is based on a regulatory filing submitted by Paras Defence and Space Technologies Limited to the BSE Limited and the National Stock Exchange of India Limited.
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Disclaimer: Not a SEBI Registered Analyst
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