Paras Defence and Space Technologies Limited (PARAS) has announced the signing of a Memorandum of Understanding (MoU) with Israel-based Cielo Inertial Solutions Ltd., marking a strategic step in advancing high-precision inertial navigation technologies in India.
The partnership aims to jointly develop, market, and produce advanced inertial systems tailored to domestic defence and industrial requirements.
Under this MoU, PARAS and Cielo will combine their respective technological strengths to promote and pursue opportunities in India for Inertial Sensors and Closed Loop Fibre Optic Gyroscope (FOG) based Inertial Solutions.
This collaboration is expected to enhance India’s self-reliance in precision navigation systems, which are critical for aerospace, defence, and space applications.
Cielo Inertial Solutions Ltd., headquartered in Israel, is recognised globally for its expertise in inertial technologies. The company manufactures a wide range of high-end systems, including Closed Loop FOGs, Inertial Measurement Units (IMUs), Gyro Compasses, North Finding Systems, and complete Inertial Navigation Systems (INS). Its advanced solutions are widely used across defence, industrial, and autonomous platform applications.
Through this collaboration, Paras Defence seeks to bring advanced inertial solutions to India’s growing defence ecosystem. The partnership is in line with the Government of India’s ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives, promoting indigenous production of critical technologies. The alliance will focus on adaptation, localisation, and co-production to serve both Indian defence and export markets.
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On October 14, 2025, Paras Defence and Space Technologies share price opened at ₹711.75 on NSE, above the previous close of ₹707.60. During the day, it surged to ₹723.80 and dipped to ₹711.75. The stock is trading at ₹719.15 as of 9:17 AM. The stock registered a moderate gain of 1.63%.
Over the past week, it has moved up by 1.18%, over the past month, it has declined by 2.65%, and over the past 3 months, it has declined by 9.30%.
The MoU between Paras Defence and Cielo Inertial Solutions represents a significant move towards strengthening India’s technological autonomy in high-precision inertial systems. By leveraging Cielo’s expertise and Paras Defence’s manufacturing capabilities, the partnership is poised to play a key role in advancing next-generation navigation and guidance technologies within the country.
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Published on: Oct 14, 2025, 1:23 PM IST
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