Paras Defence and Space Technologies have signed a Licensing agreement with Defence Research & Development Organisation (DRDO), Ministry of Defence, for the Transfer of Technology of the Driver Night Sight (DNS) for the T-90 tank.
“A Licensing Agreement for Transfer of Technology of Driver Night Sight (DNS) for T-90 Tank has been signed between Defence Research & Development Organisation (DRDO), Ministry of Defence, Government of India and Paras Defence and Space Technologies Limited (PARAS),” the company said in its regulatory filing.
The company did not reveal specific details regarding the agreement.
Earlier this month the company had secured a Rs 71.68 crore (incl. GST) contract from IRDE, a DRDO lab under the Ministry of Defence, to supply two optronic periscopes for submarine applications, with execution slated for August–September 2026
Paras Defence Q2FY26
In its Q2FY26, the company reported Revenue from defence engineering at Rs 67.28 crore while total revenue stood at Rs 105.72 crore.
Share price of Paras Defence
The share price of Paras Defence gained 42.92% so far this year. The stock surged nearly 1% to Rs 717.75 in Wednesday’s trading session after the announcement.