Paras Defence Gets ₹26.59 Crore DRDO Order; Shares Fall 1.02%

Mumbai, September 28: Paras Defence and Space Technologies has received a ₹26.59 crore order from the Defence Research and Development Organisation (DRDO), Ministry of Defence, for the design, manufacturing and assembly of optics and opto-mechanical systems for a hyperspectral mission.

Paras Defence Receives DRDO Order For Hyperspectral Mission

According to the company’s exchange filing, Paras Defence will act as the Lead System Integrator for the order and will undertake the complete design, analysis, fabrication, manufacturing and assembly of the required optics and opto-mechanical unit.

The order is valued at approximately ₹26.59 crore, including taxes. The company said the complete payload will qualify as a Space-Borne System, with potential utilisation for Earth observation applications.

The contract also carries a Performance Security Amount of ₹79.76 lakh. Delivery is scheduled on or before September 27, 2027.

Stock Market Snapshot

The Paras Defence share price stood at ₹1,307.50 as of 2:08:06 PM IST on September 28, 2026, down ₹13.50 or 1.02% from the previous close.

The stock remained in negative territory during the session even as the company disclosed the new DRDO order.

Order Details And Company Role

The order has been awarded by DRDO, Ministry of Defence, and is classified as a domestic order. Paras Defence will be responsible for the complete optics and opto-mechanical package required for the hyperspectral mission.

The payload is intended to qualify as a Space-Borne System and can potentially be used for Earth observation. The contract therefore adds another defence and space systems assignment to Paras Defence’s order pipeline.

The company said there is no promoter or promoter group interest in the entity awarding the order, and the contract does not fall under a related-party transaction.

About Paras Defence And Space Technologies

Paras Defence and Space Technologies is engaged in the design, development and manufacturing of defence and space engineering products and systems. Its business areas include defence and space optics, electro-optics, precision engineering, defence electronics and related specialised systems.

The company works across applications involving land, naval, aerospace and space programmes, supplying products and systems to government and defence-sector customers.

Conclusion

The ₹26.59 crore DRDO contract expands Paras Defence’s work in specialised optics and opto-mechanical systems, with the company taking responsibility as Lead System Integrator for the hyperspectral mission payload.

The Paras Defence share price stood at ₹1,307.50 as of 2:08:06 PM IST on September 28, 2026, down ₹13.50 or 1.02% from the previous close.

Source:

• https://www.nseindia.com/get-quote/equity/PARAS/Paras-Defence-and-Space-Technologies-Limited
• https://nsearchives.nseindia.com/corporate/PARAS_28092026132508_Intimation_DRDO_Order_CC_signed.pdf