Paras Defence and Space Technologies Limited — Updates, 06-05-2025: Press Release

Paras Defence has announced a strategic joint venture with HevenDrones Israel to design and manufacture hydrogen-powered drones in India, targeting defence and homeland security. These drones offer extended flight endurance and modular payloads for logistics, surveillance, and border security. Paras will manage local manufacturing and sales, leveraging its engineering and defence ecosystem, while Heven provides proprietary drone platforms. This partnership enhances Paras Defence’s drone technology portfolio, supported by a strong FY25 growth outlook and an order book exceeding ₹90 Cr.