Paras Defence and Space Technologies (PARAS) has received an incremental order worth approximately Rs 26.6 crore (including taxes) from Opto Electronics Factory (OLF), a unit of India Optel, a government enterprise under the Ministry of Defence, Dehradun.
The order is for the supply of Electronic Control Systems used in Thermal Imaging Fire Control Systems (TIFCS) for battle-tank applications delivered by OLF to the Indian Armed Forces.
The order involves supplying additional quantities of Electronic Control Systems, including Control Panels for Ballistic Computers, Ballistic Computers, and Gun Positioning Systems. The execution timeline for the order is from December 2025 to September 2026.
Cumulative orders now worth over Rs 140 crore
With this incremental order, the total value of Paras Defence’s orders for Electronic Control Systems used in TIFCS rises to approximately Rs 141.63 crore (including taxes). The existing orders were valued at around Rs 115.03 crore.
Share price of Paras Defence
The share price of Paras Defence jumped nearly 5% intra-day. The stock has seen significant surge in past few months, gaining 34.49 per cent so far this year.