DRDO Awards ₹80.28 Crore Order to Paras Defence for High Precision Optical System
Mumbai: Defence Research and Development Organisation (DRDO), under the Ministry of Defence, has awarded a contract worth approximately ₹80.28 crore (including taxes) to Paras Defence and Space Technologies Limited for the development of a high precision optical system for air defence applications.
The order highlights the growing role of Indian defence technology firms in supporting indigenous defence capabilities.
Key Details of the Order
According to the company’s regulatory filing with stock exchanges, the project involves designing and developing advanced optical systems that will be used in air defence applications.
Project Highlights:
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Awarding Authority: Defence Research and Development Organisation
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Company: Paras Defence and Space Technologies Limited
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Project: High Precision Optical System for Air Defence Applications
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Order Value: Approximately ₹80.28 crore (including taxes)
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Execution Timeline: Within 18 months from the date of supply order
Domestic Defence Contract
The order has been awarded by a domestic defence entity, and the project will be executed in India as part of the government’s push to strengthen indigenous defence manufacturing and technological capabilities.
The company confirmed that the contract does not involve any related-party transactions, and there is no promoter group interest in the awarding entity.
Boost to Indigenous Defence Technology
The contract is expected to further strengthen the collaboration between India’s defence research ecosystem and private sector technology companies.
Advanced optical systems are crucial components in modern air defence platforms, helping improve surveillance, targeting accuracy, and operational effectiveness.
With this order from Defence Research and Development Organisation, Paras Defence and Space Technologies Limited continues to expand its presence in the defence and aerospace technology sector.