News

The Board of Directors of the Company at its meeting, held on February 17, 2026, considered and approved the same

Total consolidated income of the company increased by 24.29% at Rs 108.62 crore for Q3FY26

PARAS and IUAC will combine their respective capabilities in order to develop commercial- grade MRI magnet system for indigenous manufacturing in the country

The order is to be executed by August - September 2026

The order is for supply of PCDS (Anti-Drone)

The said order is to be executed by May 2026 (tentatively)

The new entity will undertake the business of development and production of logistics and cargo drones for defence and civil market

Both will combine their capabilities to promote and pursue opportunities in India for the adaptation, marketing, sale and production of Inertial Sensors and Closed Loop FOG based Inertial Solutions

The order is to be executed by March 2026

The order is for the supply of electro-optics

The orders are to be executed from December 2025 to September 2026

The order is to be executed within 29 months or earlier

The agreement is for a period of two years and may be extended for a further period, based on mutual agreement between the parties

The deal strengthens India’s position as an emerging and reliable exporter of sophisticated defence technologies

ICRA has reaffirmed Paras Defence’s Long Term - Fund Based-Overdraft and Long Term - Fund Based - Cash Credit rating to ‘A-’(Positive)

The company has executed a Joint Venture Agreement with Heven Drones

To support the MoU objectives, the parties intend to form a Joint Venture Company in India

PARAS and MicroCon will be exclusive partners in India for working together on the Micro ISR payloads

The order is for Development of Laser Source Module and Integration with BCS on Mobile Platform

Total consolidated income of the company increased by 34.59% at Rs 87.39 crore for Q3FY25

This prestigious Optics Park Project is set to commence in the year 2028

This license authorizes the company to manufacture MK-46 and MK-48 Belt-fed Light Machine Gun

The testing facility will be the most advanced center for research and development of hyperspectral and other optical systems for Space & Defence in India

The said order is expected to be completed within 24 months

The order is for Design, Optimization, Fabrication and Qualification of Optical Periscopes

Paras Defence will be able to manufacture and sell WHHTI in India to Indian Armed Forces/MoD/Govt. of India/Para Military Forces

The subsidiary has been incorporated on January 11, 2024

The WOS shall carry out business of end-to-end solutions for Quantum Communication

The Board of Directors of the company at its meeting held on October 20, 2023, has approved the same

This certification will enable execution of existing contracts of Paras Aerospace for ‘Paras-Agricopter V2.1’

The company has received contract for procurement of 400 units of Agri-Drones for IFFCO Nano Fertilizers

The company has won the contract amounting to approximately Rs 53 crore

The company has entered into a Joint Venture agreement to undertake business of manufacturing EO/IR Systems

The Board of Directors of the company at their meeting held on May 16, 2023, have approved the same

The objective of this MoU is to work together, fulfilling the needs of Indigenous Design, Development and Manufacturing of various technologies

The MoU is for indigenous developments and deployment of Space intelligence, surveillance and reconnaissance payloads which will include RF Wideband SDRs

This certification will enable execution of existing contracts as received by Paras Aerospace for ’Paras-Agricopter’

The approval/license is valid for 15 years

Deliveries for which are to be done in FY24

The parties intend to form a Joint Venture Company in India for manufacturing Electro-Optic Systems for various applications

Yantra India entered into MoU to establish a framework for cooperation between YIL and Paras Defence to jointly address the requirements of Indian Defence Forces and Export Markets

Paras will develop, manufacture and sale Optical Imaging Systems in India and Abroad

The intention of the agreement is to provide Turnkey Anti-Drone Systems for Civilian Airports in India

The Board of Directors at their meeting held on August 20, 2022, have approved the same

Total consolidated income of the company increased by 68.43% at Rs 41.72 crore for Q1FY23

New Space India has executed ‘Letter of Intent’ for handing over the technology of ‘Optical Imaging System’ as developed by Indian Space Research Organization