Paras Defence Share Price Surges on ₹22 Crore Drone Jamming Order from France’s Cerbair

Paras Defence and Space Technologies Limited announced that its subsidiary, Paras Anti-Drone Technologies Private Limited, has received a Letter of Intent from Cerbair, a French leader in anti-drone solutions.

₹22 Crore Export Deal for CHIMERA 200 Anti-Drone Systems

Cerbair’s Letter of Intent acknowledges Paras Anti-Drone’s rapid development of the CHIMERA 200 project, which integrates advanced drone jamming technology. The French defence technology leader has committed to procuring 30 of these units, which are valued at approximately €2.2 million (₹22.21 crore). 

This development significantly boosts Paras Defence’s presence in the global defence tech landscape and highlights the growing demand for indigenous anti-drone systems in international markets.

The transaction marks one of the most significant international orders for Paras Anti-Drone Technologies since its formation, reflecting both technological capability and export-readiness of India’s defence sector.

Read More: Bharat Forge Approves Defence Business Transfer to KSSL and AAM India Acquisition!

First-Ever Stock Split And Dividend Announced

Paras Defence and Space Technologies will have a stock split, with shares of face value ₹10 being split into shares of face value 5. The ex date for the split is July 4. The last day to purchase shares and be eligible is Tuesday, July 3. This is the first-ever stock split by Paras Defence. The defence engineering firm has declared a 1:2 stock split in April, as well as its first-ever dividend of ₹0.50 per share during its fourth quarter earnings.

Paras Defence and Space Technologies Share Price Performance

On July 1, 2025, Paras Defence and Space Technologies share price opened at ₹1,597.60 on NSE, above the previous close of ₹1,597.50. During the day, it surged to ₹1,635.00 and dipped to ₹1,597.60. The stock is trading at ₹1,628.10 as of 3:28 PM. The stock registered a moderate gain of 1.92%.

Over the past week, it has moved up by 2.22%, over the past month, it has moved up by 1.63%, and over the past 3 months, it has moved up by 66.62%.

Conclusion

The Letter of Intent from Cerbair to Paras Anti-Drone Technologies for ₹22.21 crore marks a major breakthrough in India’s defence export efforts. This order reinforces Paras Defence’s position in high-tech anti-drone solutions and opens doors for deeper global collaboration in aerospace and security technologies.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities are subject to market risks. Read all related documents carefully before investing.