Paras Defence receives ₹26.59 Crore order from DRDO for Hyperspectral Mission optics
Paras Defence secured a ₹26.59 crore order from DRDO for optics and opto-mechanical units for a Hyperspectral Mission. The company will act as Lead System Integrator. The order is to be executed by September 27, 2027.
The order value of ₹26.59 crore is material for the company's scale and is expected to contribute to its revenue and order book.
The company has received a significant order from a key defense organization, which is a positive development for its business.
Paras Defence and Space Technologies Limited (PARAS) has announced the receipt of a significant order from the Defence Research and Development Organisation (DRDO), Ministry of Defence. The order, valued at approximately ₹26.59 crore (including taxes), designates PARAS as the Lead System Integrator.
Under this contract, the company will be responsible for the complete design, analysis, fabrication, manufacturing, and assembly of the Optics and Opto-Mechanical Unit for a Hyperspectral Mission. The developed payload is intended as a Space-Borne System with potential applications in Earth Observation.
The execution of this order is scheduled for completion on or before September 27, 2027. The company has also disclosed a Performance Security Amount of INR 79,76,427. This order is considered a domestic contract, and there are no promoter group interests in the awarding entity, nor does it fall under related party transactions.
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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.