Paras Defence Share Price Surges on Signing MoU with IUAC to Develop MRI Magnet Systems

Paras Defence and Space Technologies Ltd has entered into an agreement with the Inter-University Accelerator Centre (IUAC) in New Delhi to work on commercial-grade MRI magnet systems.  

The MoU was signed on November 24, 2025, outlining collaboration to build this technology in India instead of depending on overseas suppliers. 

Plan to Build MRI Magnet Systems in India 

The partnership brings together engineering work from Paras Defence and scientific research from IUAC. IUAC is an autonomous institution under the University Grants Commission and the Ministry of Education, and it focuses on particle-accelerator-related research. Both organisations will jointly work on superconducting MRI magnets, which are key components in medical imaging machines used in hospitals. 

Role of MRI Magnets 

MRI magnets are the main element of MRI scanners and require specialised superconducting technology. India currently imports this equipment, and there is limited local production. Developing these magnets within the country would allow future systems to be built without relying on foreign suppliers. It may also help establish the groundwork for local production of advanced medical imaging parts over time. 

Paras Defence Q2 Earnings Results 

For the second quarter of the current financial year, the company reported a net profit of ₹21 crore, rising from ₹14 crore in the same quarter a year ago. Revenue for the quarter stood at ₹106 crore, showing 21.8% year-on-year growth. Earnings before interest, tax, depreciation and amortisation (EBITDA) totalled ₹30 crore, compared with ₹22.7 crore last year, while the EBITDA margin increased to 28.3% from 26.1%. 

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

Paras Defence Share Price Performance 

As of November 25, 2025, 9:21 AM, Paras Defence and Space Technologies share price was trading at ₹712.50, a 0.51% increase from the previous closing price. 

Conclusion 

The agreement sets a framework for building MRI magnet systems within India. The work focuses on superconducting technology currently sourced from abroad. This deal will make India a Self-Reliant in superconducting MRI Magnet technology, thus nurturing Aatma Nirbhar Bharat. 

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