Paras Defence & Space Tech Wins $3.8 Million Order from Elbit Security; Share Price in Focus

Paras Defence and Space Technologies Limited (Paras Defence), a leading player in the Indian defence and space sector, has announced the receipt of a significant international order. The company has been awarded a contract by Elbit Security Systems Limited, Israel, for the supply of Electro-Optics, marking a key step in expanding its international footprint.

Details of the Contract

The order, valued at approximately $3.8 million (₹34 crores), involves the supply of advanced Electro-Optics. The contract, awarded by Elbit Security Systems Limited, Israel, is scheduled for execution between February 2026 and November 2026. 

Importantly, this contract does not involve any related party transactions, and the promoter group or group companies of Paras Defence hold no interest in the awarding entity.

Significance of the Order

This order highlights Paras Defence’s growing capability in delivering high-end defence technology solutions at a global scale. The partnership with Elbit Security Systems, a major international defence technology company, strengthens Paras Defence’s reputation as a reliable supplier of Electro-Optics. Jajvalya Raghavan, Company Secretary and Compliance Officer of Paras Defence, formally disclosed the development, marking it as a milestone in the company’s international growth journey.

Read More: Paras Defence Share Price Rises Over 5% After Securing A ₹26.6 Crore Defence Contract!

Paras Defence Share Price Performance 

As of September 26, 2025, at 12:40 PM, Paras Defence share price is trading at ₹708.15 per share, reflecting a decline of 0.33% from the previous closing price.

Conclusion

The new order from Israel reflects Paras Defence’s continued success in expanding beyond domestic markets and reinforces its position as a trusted partner in global defence technology supply chains. The contract further consolidates its presence in the international defence sector.

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