Shares of Paras Defence and Space Technologies Limited (PARAS) rose over 2% today following a major order win by its subsidiary, Paras Anti-Drone Technologies Pvt Ltd, from the Ministry of Defence (MoD), Government of India. As of 9:34 AM, the shares were trading 2.26% higher at Rs 706.65.
The order, valued at approximately ₹46.19 crore (inclusive of GST), involves the supply of advanced Anti-Drone Systems, including Drone Jammers, aimed at strengthening India’s defence capabilities against modern aerial threats.
The contract, awarded by a domestic government entity, is scheduled for execution by March 2026. The company has confirmed that the deal is completely independent, with no involvement of promoters, promoter groups, or related parties, ensuring a fully arm’s-length transaction.
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