Paras Defence and Space Technologies Limited has announced a significant milestone, having secured a high-value order worth ₹142.31 crores (inclusive of taxes) from the Centre for High Energy Systems & Sciences (CHESS), DRDO, Ministry of Defence, Government of India. This order is for the development of a Laser Source Module and integration with a Beam Control System (BCS) on a mobile platform, primarily targeted at Anti-Drone and Anti-Missile applications.
Key Details:
- Order Value: ₹142.31 crores (incl. taxes)
- Client: CHESS, DRDO, Ministry of Defence, India
- Nature of Work: Development of laser system modules and integration
- Execution Timeframe: 24 months
- Purpose: High-Power Laser System for defense against aerial threats
📈 Effect on Share Market:
This order positions Paras Defence favorably in the defense technology segment, and may positively impact its stock value in the short to medium term due to:
- Enhanced revenue visibility and order book strength
- Improved investor confidence in the company’s growth prospects
- Increased visibility in the high-tech defense and anti-drone sector
Analysts may expect bullish sentiments and a potential uptick in share price, especially if coupled with further order wins or successful project milestones.
📉 Stock Market Disclaimer
Disclaimer: This post is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy/sell any stock or share. Investing in the stock market involves risk. Past performance is not indicative of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
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