Paras Defence & Space Technologies subsidiary, Paras Anti-Drone Technologies, has secured a significant contract worth ₹46.19 crore from the Ministry of Defence. The order entails supplying advanced anti-drone systems, including drone jammers, to the Indian armed forces.

Contract Details

Technology and Implications

The indigenous systems are designed to neutralize hostile drones in real-time, addressing critical security concerns related to unmanned aerial systems used for surveillance, smuggling, and potential security breaches. This development aligns with the government's Atmanirbhar Bharat initiative, promoting self-reliance in defence manufacturing.

Company Expertise

Paras Anti-Drone Technologies specializes in counter-drone systems, including:

• Wide-band detection systems
• Jamming systems operating from 400MHz to 6GHz

Management Commentary

CEO Ashutosh Baheti expressed that this order reflects confidence in the company's indigenous capabilities and its commitment to delivering Made-in-India solutions.

Market Response

Despite the positive news of the contract win, Paras Defence shares were trading down 1.29% at ₹713.85 on the National Stock Exchange (NSE) at the time of reporting.

This development underscores the growing importance of anti-drone technologies in national security and highlights the capabilities of Indian companies in this crucial sector. As drone-related security concerns continue to rise globally, such contracts may become increasingly significant for companies specializing in counter-drone technologies.

Paras Defence & Space Technologies announced that its subsidiary, Paras Anti-Drone Technologies Private Limited, has secured a significant order from the Ministry of Defence, Government of India. The contract, valued at approximately ₹46.19 crore (including GST), is for the supply of anti-drone systems, specifically drone jammers.

Contract Details

The order, received by Paras Anti-Drone Technologies Private Limited, encompasses the following key points:

• Contract Value: ₹46.19 crore (including GST)
• Client: Ministry of Defence, Government of India
• Nature of Order: Supply of Anti-Drone Systems, including Drone Jammers
• Delivery Timeline: Scheduled to be completed by March 2026

Strategic Implications

This contract represents a significant development for Paras Defence & Space Technologies and its subsidiary. The order underscores the company's capabilities in the critical field of anti-drone technology, which is becoming increasingly important in modern defense strategies.

Disclosure and Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Paras Defence & Space Technologies has made the necessary disclosures to the stock exchanges. The company has confirmed that this contract does not fall under related party transactions, and there is no interest from the promoter, promoter group, or group companies in the entity awarding the contract.

Market Impact

The announcement of this substantial order is likely to be viewed positively by investors and stakeholders. It demonstrates the company's ability to secure significant contracts in the defense sector and highlights its growing presence in the anti-drone systems market.

As the global focus on counter-drone technologies continues to increase, this contract positions Paras Defence & Space Technologies and its subsidiary as key players in this emerging field within the Indian defense industry.

The successful execution of this order could potentially lead to further opportunities in the defense sector, both domestically and internationally, for Paras Defence & Space Technologies.