Defence tech company, Paras Defence and Space Technologies, has bagged a Rs 34 crore ($3.8 million) order from the Israeli defence company Elbit Security Systems. In an exchange filing, the Indian defence company stated that as part of the order, it will supply an electro-optics product.
The company stated that it will execute the order in the period between February 2026 to November 2026.
Paras Defence order growth
As India pushed for larger domestic production of defence technology, Paras Defence’s order book has seen a good growth in recent months. Paras Defence primarily provides guidance, communications, sensors, computing and control and other electronic technology behind the missiles, space tech, naval systems and defence vehicles.
The company mainly gets orders from private and public sector defence and space tech companies. Earlier in August, Paras Defence bagged a Rs 45 crore order from Bharat Electronics Ltd (BEL) to supply Signal and Data Processing Systems and Multi-Sensor Fusion Systems.
Another the other recent private-public sector order that Paras Defence received includes a Rs 26.6 crore order from India Optel, a Ministry of Defence company, for the supply of Electronic Control Systems used in Thermal Imaging Fire Control Systems for battle-tank applications.
Another major order that Paras Defence recently received was Rs 22.21 crore from the French defence company Cerbair. Under the order, the company would supply 30 units of CHIMERA 200, an anti-drone technology.
Paras Defence share price
In the past 6 months, Paras Defence and Space Technologies’ share has risen by 44 per cent. In the last month, the company has gained 8.93 per cent. On Friday, following the announcement of the order from the Israeli company, Paras Defence stock rose to Rs 719 from Rs 705. At 11:15 PM, Paras Defence’s stock was trading at Rs 709