Paras Defence and Space Technologies Secures Order from Bharat Electronics Limited for Electro-Optics
Paras Defence and Space Technologies Limited announced that it has secured a significant order from Bharat Electronics Limited. The contract, covering the supply of Electro-Optics, is valued at approximately Rs. 52.82 Cr. (Inclusive of Taxes).The order, which falls under the domestic sector, was received from Bharat Electronics Limited. According to the transaction details, the execution of the contract must be completed on or before September 2027.
The key details of the order awarded by Bharat Electronics Limited are summarized below:
| Particulars | Details |
|---|---|
| Name of Awarding Entity | Bharat Electronics Limited |
| Nature of Supply | Supply of Electro-Optics |
| Order Value | Approximately Rs. 52.82 Cr. (Inclusive of Taxes) |
| Sector Type | Domestic Entity |
| Execution Deadline | On or before September 2027 |
The contract size of approximately Rs. 52.82 Cr. (Inclusive of Taxes) positions the supply of Electro-Optics as the core nature of this substantial domestic transaction for Paras Defence and Space Technologies Limited. The company confirmed that the order does not involve related party transactions, nor does the promoter group have any stated interest in the awarding entity.
PARAS Stock Price Movement
Shares of Paras Defence and Space Technologies Limited are rallying strongly by 1.94% as of 11:21 AM, trading at ₹830.3, up ₹15.80 in the live market. The stock has seen robust interest, with a total traded volume reaching 461,965 shares.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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