
Shares of Paras Defence and Space Technologies Ltd. surged over 3% to ₹1,068.15 following the announcement of the company’s strategic partnership with the Government of Maharashtra for the proposed Optics Park Project in Navi Mumbai.
Key Highlights:
- Memorandum of Understanding (MoU): The company signed an MoU with the Government of Maharashtra for the development of the prestigious Optics Park Project.
- Investment Plan: Paras Defence plans to invest approximately ₹12,000 crores in the Optics Park over a span of 10 years, subject to land allocation and subsidies by the state government.
- Project Timeline: The Optics Park is slated to commence operations in the year 2028.
- Government Support: The Government of Maharashtra will facilitate the company in acquiring necessary permissions, approvals, and fiscal incentives for the project.
Paras Defence Share Price history
Day | Open | Close | Change % |
---|---|---|---|
Wed, Jan 22 2025
|
₹1,060.00
|
₹1,032.50
|
-2.61%
|
Tue, Jan 21 2025
|
₹1,099.95
|
₹1,060.20
|
-3.61%
|
Mon, Jan 20 2025
|
₹1,069.95
|
₹1,099.90
|
|
Fri, Jan 17 2025
|
₹1,014.95
|
₹1,061.55
|
|
Thu, Jan 16 2025
|
₹1,009.90
|
₹1,013.75
|
|
Wed, Jan 15 2025
|
₹1,009.95
|
₹992.05
|
-1.15%
|
Tue, Jan 14 2025
|
₹989.95
|
₹1,003.55
|
|
Mon, Jan 13 2025
|
₹995.10
|
₹976.05
|
-4.07%
|