Deals30 Sept 2024, 04:57 pm
Paras Defence and Space Technologies Ltd Receives Order Worth Rs. 293 Crores from Controp-Paras Technologies
AI Summary
Paras Defence and Space Technologies Ltd has received an order from Controp-Paras Technologies Private Limited to execute the Indian Content (IC) of a larger order valued at approximately Rs. 305 Crores. The IC order is worth Rs. 293 Crores plus taxes and involves manufacturing and supply of 244 nos. of Sight— 25HD EO (Electro-Optics) System along with Extended Warranty Charges and Integrated Logistics Support (ILS) Package for Larsen and Toubro Limited’s CIWS Program. The disclosure is in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CF D/CFD-P oD-1/P/CIR/2023/123 dated July 13, 2023.
Key Highlights
- Paras Defence and Space Technologies Ltd receives order worth Rs. 293 Crores from Controp-Paras Technologies.
- The order is for the execution of the Indian Content (IC) of a larger order valued at approximately Rs. 305 Crores.
- The IC order involves manufacturing and supply of 244 nos. of Sight— 25HD EO (Electro-Optics) System.
- The order also includes Extended Warranty Charges and Integrated Logistics Support (ILS) Package for Larsen and Toubro Limited’s CIWS Program.
- The disclosure is in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CF D/CFD-P oD-1/P/CIR/2023/123 dated July 13, 2023.