Mumbai: Paras Defence and Space Technologies received a major boost after winning a Rs 142.31 crore order from the Ministry of Defence (MoD). The news led to a sharp rise in its stock price, which surged 9.78 per cent to an intraday high of Rs 1,046.95 on March 20, 2025.

At 11:30 AM, Paras Defence shares were trading 6.96 per cent higher at Rs 1,020. Meanwhile, the BSE Sensex was up 0.52 per cent at 75,838.77.

Details of the Order

The company announced that it has secured the order from the Center for High Energy Systems & Sciences (CHESS), DRDO, Hyderabad. The contract involves the development of a Laser Source Module and its integration with a Beam Control System (BCS) on a mobile platform.

According to Paras Defence, this system is a crucial part of a High-Power Laser System designed for anti-drone and anti-missile applications. The project is expected to be completed within 24 months.

What This Means for Paras Defence

This order strengthens the company’s position in the defence sector, particularly in advanced military technology. High-powered laser systems are becoming critical for modern defence strategies, and Paras Defence is playing a key role in developing them.

This project also reinforces the company’s expertise in cutting-edge defence solutions. Winning such a contract from the Ministry of Defence highlights its strong reputation and capability.

About Paras Defence

Paras Defence and Space Technologies is one of India's leading private defence and space technology companies. It operates in four key areas:

- Defence & Space Optics

- Defence Electronics

- Heavy Engineering

Electromagnetic Pulse (EMP) Protection Solutions

It is the only Indian company supplying crucial imaging components for space applications, including large-size optics and diffractive gratings. The company provides products to several government organisations, including DRDO, BEL, ISRO, HAL, and Mazagon Dock.

Paras Defence also serves private companies like Tata Power, Godrej, L&T, Kirloskar, and TCS. Internationally, it has customers such as Israel Aerospace Industries, Rafael Advanced Defence, and Elbit Systems.

Stock Market Performance

Following the announcement, Paras Defence's market capitalisation reached Rs 4,109.95 crore. The company falls under the BSE SmallCap category.

Investors reacted positively to the news, as the order signals strong future growth. Defence stocks have been gaining attention due to increased government spending on military technology.

With this latest order, Paras Defence continues to establish itself as a major player in India's defence and space industry.