Paras Defence Share Price Rises Over 5% After Securing A ₹26.6 Crore Defence Contract

At 10:22 AM, Paras Defence share price was up 5.83% after securing a new order from the Ministry of Defence. The company has received an order worth ₹26.60 crore from Opto Electronics Factory (OLF), part of India Optel Ltd., for supplying Electronic Control Systems for battle tanks.

Details of the ₹26.6 Crore Defence Contract

The new order will be executed between December 2025 and September 2026. It includes the supply of important components such as:

• Control Panels for Ballistic Computers
• Ballistic Computers
• Gun Positioning Systems

These components are used in Thermal Imaging Fire Control Systems (TIFCS), which help improve the targeting accuracy of battle tanks.

Paras Defence Order Book Size

This fresh order adds to Paras Defence's existing contracts in this area. Here’s how the order book looks now:

The increase in total contract value shows growing trust in the company’s capabilities.

Why is the ₹26.6 Crore Defence Contract Important?

This order highlights Paras Defence’s important role in strengthening India’s defence systems. The TIFCS technology is vital for improving accuracy and efficiency in battle tanks, making them more effective in combat situations.

Also, this is a domestic order, which supports India’s goal of becoming more self-reliant in defence production under the “Make in India” initiative.

Paras Defence Share Price Performance

The company has shown strong stock market performance over the years:

• 1-Day: +2.94%
• 6-Months: +46.99%
• 1-Year: +14.44%
• 5-Years: +167.98%

This reflects investor confidence and the company’s steady growth in the defence tech space.

Read more: Cochin Shipyard Dividend Ex-Date Today; Payout and AGM Details.

Conclusion

The new ₹26.6 crore order is a clear sign that Paras Defence is on the right track. With a total of ₹141.63 crore in orders related to Electronic Control Systems for TIFCS, the company is proving its strength in defence manufacturing. As India continues to focus on local defence production, Paras Defence is well-positioned to grow even further.

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