Paras Defence and Space Technologies Limited has announced the receipt of a significant order worth approximately ₹305 crore (plus taxes) from Larsen and Toubro Limited (L&T). The order will involve the manufacturing and supply of 244 units of the Sight – 25HD EO (Electro-Optics) System, along with extended warranty charges and an Integrated Logistics Support (ILS) package for the CIWS (Close-In Weapon System) program.
Order Breakdown and Execution
The order is being executed by Controp-Paras Technologies Private Limited, an associate company of Paras Defence. As part of the contract, Paras Defence will fulfill the “Indian Content” (IC) portion of the order, which has been valued at ₹293 crore (plus taxes). The execution of the IC portion will be managed by Paras Defence through a separate contract issued by Controp-Paras Technologies.
Details of the Order
- Awarding Entity: Larsen and Toubro Limited (L&T)
- Scope of Work: Manufacturing and supply of 244 units of the Sight – 25HD EO System, including extended warranty and ILS package for L&T’s CIWS program.
- Nature of Contract: Domestic manufacturing order from a domestic entity.
- Timeframe for Execution: The order is expected to be completed within 47 months.
- Order Value: Approximately ₹305 crore, with the Indian Content portion valued at ₹293 crore (both values are exclusive of taxes).
The contract reflects the ongoing collaboration between Paras Defence, Controp-Paras Technologies, and L&T, and further strengthens Paras Defence’s position in providing cutting-edge defense and space technologies. The company will be responsible for fulfilling the IC content, aligning with India’s “Make in India” initiative.
