Paras Defence secures Rs 42.05 crore order from Opto Electronics Factory

Paras Defence and Space Technologies has recently informed exchanges that the company bagged an order worth approximately INR 42.05 crores (plus taxes) from Opto Electronics Factory (OLF) for supplying 5 types of Electronic Control Sub-Systems used in Thermal Imaging Fire Control System (TIFCS). The order is likely to be executed within 24 months.

Key Contract Details:

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  • Awarding Entity: Opto Electronics Factory (OLF), a unit under India Optel Ltd., Ministry of Defence, Government of India, based in Dehradun.
  • Order Scope: Supply five types of electronic control sub-systems for the TIFCS, tailored to meet the specifications required by OLF for the Indian Armed Forces.
  • Contract Value: Approximately Rs. 42.05 crore, excluding taxes.
  • Execution Timeline: The contract mandates completion within 24 months.
  • Domestic or International: This is a domestic contract