Paras Defence and Space Technologies Forms Consortium with Complus Systems and JV Micronics for Anechoic Chamber Projects
Paras Defence and Space Technologies Limited has entered into a Memorandum of Understanding (MoU) with Complus Systems Pvt. Ltd. and JV Micronics. This collaboration aims to combine the specialized expertise of the three companies to pursue and promote opportunities, both within India and globally.The primary focus of the consortium will be the design, development, manufacturing, installation, and servicing of Anechoic and Semi-Anechoic Chambers.
Under the partnership, Paras Defence and Space Technologies Limited will function as the consortium leader. Its responsibilities include overseeing the complete cycle of the Chambers, encompassing design, development, manufacturing, and installation, alongside associated Filters and Engineered Points of Entry. Furthermore, PARAS will coordinate overall business development activities, representing the consortium in external engagements, and providing strategic direction.
The contributing expertise of the partner firms is structured as follows:
| Company | Core Contribution Area |
|---|---|
| Paras Defence and Space Technologies Limited | Consortium leadership, overseeing design, development, manufacturing, installation of Chambers, Filters, and Engineered Points of Entry, business development coordination, and strategic direction. |
| Complus Systems Pvt. Ltd. | Comprehensive technical expertise, including instrumentation procurement, engineering support, and active participation in project execution tailored to specific project requirements. |
| JV Micronics | Manufacturing, integration, and support services for RF absorbers and related products and solutions within the scope of consortium projects. |
PARAS Stock Price Movement
Shares of Paras Defence and Space Technologies Limited are gaining 0.41% in live trading, currently holding at ₹811.45 as of 12:20 PM today. The stock is seeing significant investor interest in the session, with a total of 722,414 shares traded so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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