Paras Defence And Space Technologies Jump 4.09% As Its Subsidiary Secures ₹46.19 Crore Ministry of Defence Order

Mumbai, October 3, 2025: Paras Defence And Space Technologies Limited’s share price witnessed a considerable rise today, on October 3, after the company announced that its subsidiary, Paras Anti-Drone Technologies Pvt. Ltd has secured a ₹46.19 crore order from the Indian Ministry of Defence. As of 2:10 PM, the shares were up by 4.09%, or 28.25 points, and were trading at ₹718.90. Until now, the shares have traded within a range of ₹723.00 and ₹690.85. The traded volume stood at 30.57 thousand shares, with the company’s market cap at ₹5,566 crore. The shares have their 52-week high at ₹972.50 (19-May-2025) and 52-week low at ₹404.70 (03-Mar-2025).

Paras Defence and Space Technologies is an Indian company that is engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. It was established in 2009 and is headquartered in Navi Mumbai, Maharashtra. The shares of the company are listed on NSE with the ticker symbol PARAS and on BSE with the code 543367.

₹46.19 Crore Ministry of Defence Order

Paras Defence secured a ₹46.19 crore order from the Ministry of Defence for the supply of Anti-Drone Systems, including Drone Jammers. The company’s subsidiary is expected to complete the order by March 2026. The order falls under domestic defence procurement and does not involve any related parties.

Munjal Sharad Shah, Managing Director of Paras Defence, stated that this order reinforces the company’s position in India’s emerging anti-drone defence ecosystem.

REF: https://nsearchives.nseindia.com/corporate/PARAS_03102025090716_Intimation_MOD_Order_to_AntiDrone_V5_MSS.pdf

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