Paras Defence Wins ₹142.31 Crore DRDO Contract for High-Power Laser System
Paras Defence and Space Technologies Limited has secured a significant contract from the Centre for High Energy Systems & Sciences (CHESS), a division of the Defence Research and Development Organisation (DRDO), Ministry of Defence, Government of India. Valued at approximately ₹142.31 crores (including taxes), the project involves the development of a Laser Source Module and its integration with the Beam Control System (BCS) on a Mobile Platform.
Contract Overview:
- Awarding Entity: CHESS, DRDO, Ministry of Defence, Government of India
- Total Contract Value: ₹142.31 crores (inclusive of taxes)
- Project Scope: Development of a High-Power Laser System for Anti-Drone and Anti-Missile Applications
- Completion Timeline: Within 24 months
- Order Type: Domestic defense contract
Read Contract Details Click Here
Strategic Significance:
This contract represents a major milestone in India’s advancement of laser-based defense technologies. The high-power laser system is set to play a pivotal role in countering drone and missile threats, significantly enhancing the country’s defense capabilities.
For Paras Defence, securing this contract reinforces its expertise in high-end defense technology solutions and strengthens its reputation as a leading defense manufacturer in India. The company’s involvement in such a strategic project underscores its ability to contribute to cutting-edge military advancements, particularly in laser-based weaponry.
Paras Defence Stock Performance Today
Stock price of Paras Defence closed today at ₹994.7 on NSE with the gain of 4.28 %. Stock opened at 975 made the high of 1047.7 but closed below ₹1000 landmark.
Market Outlook:
This deal is expected to positively impact Paras Defence’s financial performance by expanding its revenue streams and boosting investor confidence. With India’s growing emphasis on self-reliant defense production under the “Make in India” initiative, such contracts unlock new opportunities for the company in next-generation military technology. Paras Defence has committed to delivering this project within the stipulated 24-month timeframe, showcasing its commitment to innovation, national security, and technological excellence in the defense sector.
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