Paras Defence Share Price in Focus After Securing Order Worth ₹71.68 Crore from IRDE DRDO

Paras Defence share price has come in focus after receiving an order worth ₹71.68 crore from IRDE DRDO under the Ministry of Defence for supplying optronic periscopes. 

Paras Defence Receives DRDO Order  

The company disclosed the order under Regulation 30 of SEBI Listing Regulations. IRDE DRDO has awarded Paras Defence a contract valued at ₹71.68 crore including GST for supplying 2 optronic periscopes for submarine use.  

The order is from a domestic government entity and does not involve any related party transactions or promoter interest. 

Key Terms and Execution Timeline 

The contract covers supply of 2 advanced periscopes designed for defence submarine applications. Execution is scheduled between August and September 2026. Paras Defence stated that the order strengthens its position within India’s defence manufacturing ecosystem and aligns with its focus on high precision optical and electrooptic systems. 

Read More: Paras Defence Share Price in Focus After Securing ₹35.68 Crore Order for Counter-Drone Systems! 

Regulatory Compliance and Filing Details 

The company has filed the disclosure with BSE and NSE under scrip code 543367 and symbol PARAS respectively. The information has been provided in line with the SEBI Master Circular dated November 11,2024. The order will support the firm’s continuing engagement with strategic defence organisations. 

Company Overview 

Paras Defence operates in defence optics, space engineering and electronic systems. The newly secured order reinforces its role in supplying specialised equipment to India’s defence sector. The company continues focusing on precision engineering capabilities for strategic applications. 

Paras Defence Share Price Performance 

On November 17, 2025, Paras Defence and Space Technologies share price opened at ₹774.00 on NSE, above the previous close of ₹765.90. During the day, it surged to ₹789.00 and dipped to ₹757.00. The stock is trading at ₹764.70 as of 11:17 AM. The stock registered a marginal change of -0.16%. 

 Over the past week, it has moved up by 8.84%, over the past month, it has moved up by 8.40%, and over the past 3 months, it has moved up by 13.07%. 

Conclusion 

The ₹71.68 crore order from IRDE DRDO marks a notable addition to Paras Defence’s project pipeline, with execution planned for 2026 and strong alignment with defence sector requirements. 

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