Paras Defence shares rise over 3% on signing MoU for with Government of Maharashtra for Optics Park Project

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
+3.61%
Fri, Jan 17 2025
₹1,014.95
₹1,061.55
+4.72%
Thu, Jan 16 2025
₹1,009.90
₹1,013.75
+2.19%
Wed, Jan 15 2025
₹1,009.95
₹992.05
-1.15%
Tue, Jan 14 2025
₹989.95
₹1,003.55
+2.82%
Mon, Jan 13 2025
₹995.10
₹976.05
-4.07%