Paras Defence Gets ₹80.28 Crore DRDO Order; Shares Down 3.83% in Early Trade

Mumbai, March 10: Paras Defence and Space Technologies Ltd has secured a development order worth approximately ₹80.28 crore from the Defence Research and Development Organisation (DRDO), Ministry of Defence. The contract relates to development of a High Precision Optical System designed for air defence applications, according to company’s regulatory disclosure filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The order involves engineering and development of specialised optical systems that are expected to support advanced air defence platforms. Paras Defence said the project will be executed for a domestic defence research entity, reinforcing its role in India’s indigenous defence technology ecosystem.

The company also stated that the disclosure complies with SEBI circular SEBI/HO/CFD/PoD2/P/CIR/0155 dated November 11, 2024 and related compliance requirements issued on January 30, 2026. As per the filing with the exchanges on Monday, March 10, execution of the order is expected to be completed within 18 months from the date of the supply order.

Paras Defence clarified that the contract does not fall under related party transactions and that promoters or promoter group entities do not have any interest in the awarding authority.

Paras Defence Share Price Snapshot

Despite the order announcement, Paras Defence share price moved lower in early trade on March 10, 2026.

The stock was trading at ₹691.00 on the National Stock Exchange, down ₹27.55 or 3.83% from the previous close of ₹718.55, as of 10:39 IST on March 10, 2026, according to exchange data. During the session, the stock opened at ₹730.95 and briefly touched a high of ₹731.95 and a low of ₹680.15 so far.

Such price reactions are not uncommon in the defence sector, where investors often evaluate the size of a new contract relative to the company’s valuation and existing order pipeline.

Company Background

Paras Defence and Space Technologies Ltd operates in specialised defence engineering and advanced optics manufacturing. The company develops products used in defence electronics, space optics, electromagnetic protection systems and heavy engineering applications.

Its optics division focuses on high precision optical components used in surveillance, targeting and imaging systems across defence and aerospace platforms. The company supplies equipment to government defence agencies, research institutions and defence public sector undertakings.

Over the past few years, Paras Defence has positioned itself within India’s growing domestic defence manufacturing framework as the government continues to emphasise indigenous production of strategic technologies.

Conclusion

The ₹80.28 crore development order from DRDO adds another project to Paras Defence’s defence optics portfolio and strengthens its engagement with government defence research institutions. However, the stock remained under pressure during the morning session on 10 March 2026 as market participants assessed the financial impact of the order relative to the company’s broader order book and valuation.

Source:

• https://nsearchives.nseindia.com/corporate/PARAS_09032026105251_DRDO.pdf
• https://www.nseindia.com/get-quote/equity/PARAS/Paras-Defence-and-Space-Technologies-Limited