Paras Defence Share Price Gain After Signing MoU with Israeli Firm

On April 2, 2025, Paras Defence & Space Technologies share price rose up to 1.60% to an intraday high of ₹993. The stock gained momentum after the company announced a Memorandum of Understanding (MoU) with MicroCon Vision Ltd., a part of CONTROP and Rafael Group, Israel.

At 10:41 AM, however, the stock was trading 1.16% lower at ₹966.05, while the BSE Sensex was up 0.43% at 76,350.58. The company’s market capitalisation stood at ₹3,892.57 crore, placing it in the BSE SmallCap category.

Details of the MoU

Paras Defence announced in an exchange filing that it has signed an exclusive partnership agreement with MicroCon Vision Ltd. to work together on Micro ISR payloads in India.

• MicroCon Vision specialises in designing, developing, and producing Intelligence, Surveillance, and Reconnaissance (ISR) payloads and Electro-Optical/Infra-Red (EO/IR) Seekers used in drones and UAVs.

About Paras Defence

Paras Defence & Space Technologies is a leading private sector company specialising in defence and space engineering. It operates in 4 key areas:

1. Defence & Space Optics 
2. Defence Electronics 
3. Heavy Engineering 
4. Electromagnetic Pulse (EMP) Protection Solutions 

The company is India’s only supplier of crucial imaging components for space applications, including large-size optics and diffractive gratings.

Clientele and Global Presence

Paras Defence supplies its products and solutions to major government agencies, including:

• IDF, DRDO, BEL, ISRO, HAL, Goa Shipyard, and Mazagon Dock. 

In the private sector, it serves companies such as:

• Godrej, Tata Power, L&T, Kirloskar, TCS, and Solar Industries. 

Internationally, its customers include:

• Israel Aerospace Industries, Rafael Advanced Defence, and Elbit Systems. 

Conclusion

The signing of the MoU with MicroCon Vision Ltd. marks an important step for Paras Defence in strengthening its position in the ISR and UAV market. However, despite the initial rise, the stock later traded lower, reflecting broader market movements.

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