Paras Defence bags ₹7.72 Cr order from DRDO for satellite communication antennas
Paras Defence received a ₹7.72 Crore order from DRDO for developing satellite communication antennas for airborne applications. The development contract is scheduled for completion by April 29, 2028. This order is a domestic contract with no promoter interest involved.
The order value of ₹7.72 crore is material for the company's size and is expected to positively impact its financials, although it does not represent a transformative change in its business.
The company has secured a new order from a significant defense organization (DRDO), which is positive for its business growth and revenue prospects.
Paras Defence and Space Technologies Limited (PARAS) has received an order from DRDO, Ministry of Defence, valued at approximately ₹7.72 Crore (including taxes). The order is for the development of Ku/C-Band Satellite Communication Phased Array Antennas specifically for airborne applications.
The development contract is to be completed on or before April 29, 2028. This order falls under the category of domestic contracts, and it has been confirmed that the promoter, promoter group, or group companies have no interest in the entity that awarded the order. The transaction is also not considered a related party transaction.
This significant development showcases PARAS's capabilities in advanced defense technology and its role in supporting critical indigenous defense programs.
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Paras Defence and Space Technologies Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Paras Defence and Space Technologies Limited. Read the original for the full detail.