Paras Defence Secures ₹80.28 Crore DRDO Order for Optical System Development

Paras Defence and Space Technologies Limited has secured a significant contract from the Defence Research and Development Organisation (DRDO), under the Ministry of Defence, for the development of a high precision optical system designed for air defence applications. 

The order, valued at ~₹80.28 crore including taxes, highlights the company’s growing role in India’s defence technology ecosystem and its capabilities in advanced optical and defence engineering solutions.

Details of the Contract

According to the company’s disclosure, the contract involves the development of a high precision optical system that will be used in air defence applications. The order has been awarded by DRDO, which operates under the Ministry of Defence and plays a crucial role in strengthening India’s indigenous defence technology capabilities. 

The contract is domestic in nature and will contribute to the ongoing efforts to enhance technological self-reliance in the defence sector.

Execution Timeline and Scope

Paras Defence is expected to execute the order within a period of 18 months from the date of the supply order. The project involves the design and development of sophisticated optical systems that are critical for surveillance, targeting, and tracking functions in modern air defence platforms. Such systems require high accuracy and reliability, making them an important component in defence infrastructure.

Strategic Significance for the Company

The order further strengthens Paras Defence’s position as a key contributor to India’s defence manufacturing and technology development landscape. The company has been actively involved in developing advanced optics, defence electronics, and space-related technologies. Securing projects from organisations like DRDO enhances its credibility and opens opportunities for future collaborations within the defence sector.

Paras Defence Share Price Today

On March 9, 2026, Paras Defence share price opened ₹764.35. At 11:20 AM, the share price of Paras Defence was trading at ₹726, down by 3.12% on the NSE.

Also Read: Paras Defence Enters MoU with South Korea's Green Optics!

Conclusion

Overall, the ₹80.28 crore contract from DRDO represents an important milestone for Paras Defence and Space Technologies. The project not only reinforces the company’s technological capabilities but also supports India’s broader goal of promoting indigenous defence innovation and reducing reliance on imported systems.

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