Paras Defence and Space Technologies has been awarded a significant contract by the Defence Research and Development Organisation (DRDO), Ministry of Defence. The order, valued at approximately ₹7.72 crore, is for the development of Ku/C-Band Satellite Communication Phased Array Antennas for airborne applications.
The contract, classified as domestic, outlines the development of these advanced communication systems, which are crucial for enhancing airborne communication capabilities. The project is slated for completion by 29 April 2028, ensuring a comprehensive timeline for the development and deployment of the antennas.
This order from DRDO underscores Paras Defence‘s growing reputation in the defence technology sector, highlighting its capabilities in delivering high-tech solutions for national security applications. The company has confirmed that there is no involvement of promoter or promoter group companies in this contract, and it does not fall within related party transactions.
With this new contract, Paras Defence continues to strengthen its portfolio in the defence sector, aligning with its strategic goals to expand its technological offerings and support India’s defence infrastructure.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).