Paras Defence Shares Surge on Major Euro 2.2 Million LOI from French Anti-Drone Leader Cerbair
By Shishta Dutta | Updated at: Oct 27, 2025 12:18 PM IST
Mumbai, July 1, 2025 — Shares of Paras Defence and Space Technologies Ltd (NSE: PARAS, BSE: 543367) jumped up to 2.15% intraday to ₹1,635.80 before closing at 1,629.50 after its subsidiary, Paras Anti-Drone Technologies, secured a Letter of Intent (LOI) worth €2.2 million (₹22.21 crore) from French drone defense firm Cerbair.
The LOI, part of the CHIMERA 200 Project – the India-France anti-drone partnership began over a year ago, with joint R&D leading to rapid prototypes under CHIMERA 200. Paras also recently won a ₹142 crore DRDO contract to develop a high-power anti-drone laser defense system, diversifying its defence tech portfolio.
Order Highlights
| Particulars | Details |
|---|---|
| Buyer | Cerbair, France |
| Seller | Paras Anti-Drone Technologies Pvt Ltd |
| Parent Company | Paras Defence and Space Technologies Ltd |
| Product | CHIMERA 200 Anti-Jamming System |
| Quantity | 30 Units |
| Deal Value | €2.2 million (approx. ₹22.21 crore) |
| Project | CHIMERA 200 |
The disclosure was made under Regulation 30 of SEBI LODR, with further details regarding formal order issuance to be shared in line with SEBI Circular SEBI/HO/CFD/PoD2/P/CIR/P/0155 dated Nov 11, 2024.
Market Reaction & Trading Snapshot
As of 15:06 IST, the stock traded at ₹1,626.70, rising ₹29.20 (1.83%) to close at 1,629.50 from the previous close of ₹1,597.50.
| Metric | Value |
|---|---|
| Intraday High / Low | ₹1,635.00 / ₹1,597.60 |
| 52-Week High / Low | ₹1,945.00 / ₹809.40 |
| Traded Volume (Lakhs) | 3.95 |
| Traded Value | ₹63.97 crore |
| Total Market Cap | ₹6,554.57 crore |
| Free Float Market Cap | ₹2,834.20 crore |
| P/E Ratio (Adjusted/Symbol) | 104.73 |
| Delivery % | 51.98% |
| Index | NIFTY Microcap 250 |
| Sector | Aerospace & Defence |
Strategic Commentary
This LOI signals increasing global traction for Indian-origin drone defence technology. The CHIMERA 200 system is a homegrown innovation in electromagnetic counter-drone warfare and this deal places Paras Anti-Drone in a strong position in the European market.
About the Company
Paras Defence and Space Technologies Ltd, listed on NSE and BSE since October 2021, focuses on indigenous development in aerospace, defence, and space engineering. Its capabilities span optoelectronics, defence electronics, and cutting-edge drone technologies.
The company forms part of the NIFTY Microcap 250 Index and maintains a robust position in the high-growth aerospace and defence segment.
REF: https://nsearchives.nseindia.com/corporate/PARAS_01072025145526_IntimationCerbairLOIAntiDrone01072025.pdf
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