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.

Paras Defence and Space Technologies , a key player in the defense and space sector, is setting its sights on submarine periscope contracts as a major driver for future growth. The company's unique position in the Asia-Pacific region as the sole manufacturer of indigenously developed submarine optronic periscopes has placed it at a strategic advantage in the market.

Strong Growth in Optics & Optronics Segment

The company's Optics & Optronics segment has shown remarkable growth, contributing significantly to its overall revenue:

This substantial increase in revenue from Rs 66.00 crore in FY24 to Rs 177.00 crore in FY25 underscores the growing importance of this segment to Paras Defence's business strategy.

Robust Order Book and Future Prospects

Paras Defence currently boasts a total order book of Rs 928.00 crore, with the submarine periscope segment accounting for Rs 120.00 crore. Director Amit Mahajan expressed confidence in the long-term visibility of this business, highlighting the company's technological edge over potential domestic competitors.

Unique Market Position

The company's submarine optronic periscopes, which provide advanced day and night vision capabilities, have positioned Paras Defence as a frontrunner in this niche market. Management anticipates minimal competition from domestic players due to their technological advantage, with primary competition expected to come from foreign entities.

Future Growth Expectations

Looking ahead, Paras Defence management is optimistic about the growth potential in the submarine periscope segment. They expect the order value for submarine periscopes to increase in the coming years, further solidifying the company's position in this specialized market.

As the only player in the Asia-Pacific region manufacturing these critical defense systems, Paras Defence and Space Technologies is well-positioned to capitalize on the growing demand for advanced submarine technologies in the naval defense sector.