Paras Defence and Space Technologies has secured a domestic order worth about Rs 35.68 crore from the defence ministry for the supply of portable counter-drone systems (PCDS).
The company in its regulatory filing on Tuesday, November 11, said that the contract is expected to be completed by May 2026.
Paras Defence subsidiary bags Rs 3.95 crore order
In addition, the company’s subsidiary, Paras Anti-Drone Technologies, has also received a separate order to the tune of Rs 3.95 crore from the defence ministry for radio frequency (RF) jammers (integrated drone detector and jammer) on Monday, November 10.
“These consecutive orders, marking our second and third engagements with the ministry within just two months, reflect the growing confidence placed in our indigenous capabilities and our commitment to strengthening India’s defence preparedness,” said Ashutosh Baheti, CEO, Paras Anti-Drone Technologies, as per a report by PTI.