Paras Defence & Space Technologies , a prominent player in the defence and space sector, has announced a significant international order worth approximately $3.8 million (₹34.00 crore) from Elbit Security Systems Limited, Israel. The contract involves the supply of Electro-Optics equipment, showcasing the company's expertise in advanced defence technologies.

Order Details

The order, as disclosed by Paras Defence in its regulatory filing, includes the following key points:

• Client: Elbit Security Systems Limited, Israel
• Order Value: Approximately $3.8 million (₹34.00 crore)
• Nature of Supply: Electro-Optics equipment
• Execution Period: February 2026 to November 2026

Strategic Implications

This international order marks a significant milestone for Paras Defence, highlighting its capabilities in the global defence market. The contract with Elbit Security Systems, a renowned Israeli company, underscores the Indian firm's competitiveness in supplying high-tech defence equipment to international clients.

Company Statement

In its regulatory filing, Paras Defence stated, "We are pleased to inform you that Paras Defence and Space Technologies Limited has received an international order from Elbit Security Systems Limited, Israel valued at approximately 3.8 million USD (Rs. 34 crs) for Electro-Optics."

Transparency and Compliance

The company has affirmed that the order does not involve any related party transactions. Additionally, Paras Defence clarified that the promoter group has no interest in Elbit Security Systems Limited, the entity awarding the contract, ensuring transparency in the deal.

Conclusion

This order represents a notable achievement for Paras Defence and Space Technologies Limited, potentially opening doors for future international collaborations and reinforcing its position in the global defence and space technology market. The successful execution of this contract could strengthen the Indian defence technology sector's presence in the international arena.

Paras Defence & Space Technologies has announced a significant boost to its order book with a new contract from the Ministry of Defence. The company has secured incremental orders worth Rs. 26.60 crores from Opto Electronics Factory (OLF), a unit of India Optel Ltd. under the Ministry of Defence, for supplying Electronic Control Systems used in Thermal Imaging Fire Control Systems (TIFCS) for Battle-Tank applications.

Contract Details

The newly acquired order is set to be executed over a period spanning from December 2025 to September 2026. This latest development brings a substantial increase to Paras Defence's existing portfolio of orders for Electronic Control Systems used in TIFCS.

Order Value and Scope

With this additional order, Paras Defence has seen a notable expansion in its contract value for TIFCS-related Electronic Control Systems:

The incremental order includes the supply of various components such as Control Panel for Ballistic Computer, Ballistic Computer, and Gun Positioning System, among others.

Strategic Importance

This order underscores Paras Defence's continued role in supporting India's defense capabilities, particularly in enhancing the effectiveness of battle tanks used by the Indian Armed Forces. The Electronic Control Systems are crucial components of the Thermal Imaging Fire Control Systems, which significantly improve the targeting and combat efficiency of armored vehicles.

Domestic Focus and Compliance

It's worth noting that the order is domestic in nature, aligning with India's push for self-reliance in defense manufacturing. The company has confirmed that this transaction does not involve any related parties, ensuring transparency and compliance with regulatory requirements.

Paras Defence's ability to secure this incremental order demonstrates the company's strong position in the defense technology sector and its capacity to meet the evolving needs of India's armed forces. As the company continues to execute these high-value contracts, it is likely to strengthen its market position in the defense and space technology domain.