Paras Defence and Space Technologies Limited — New Orders, 20-03-2025: Bagging/Receiving of orders/contracts

Paras Defence and Space Technologies Limited has received an order valued at approximately ₹ 142.31 crore from the Center for High Energy Systems & Sciences (CHESS), DRDO, for the development of a Laser Source Module integrated with a Beam Control System on a mobile platform. This project focuses on high-power laser systems for anti-drone and anti-missile applications, with an execution timeline of 24 months.

This order could bolster the company’s positioning in the defense sector, potentially enhancing its revenue stream and stakeholder confidence. Investors may view this development as a positive outlook due to the strategic alignment with defense technology advancements.