STOCKWATCH
·
Aerospace & Defense
Deals31 Jan 2024, 08:42 pm

Paras Defence and Space Technologies Ltd wins contract for Design Optimization Fabrication and Qualification of Optical Periscopes for ICS for Submarine Application

AI Summary

Paras Defence and Space Technologies Limited has won a contract from Instrument Research & Development Establishment (IRDE), Govt. of India, Ministry of Defence, DRDO for the design, optimization, fabrication, and qualification of optical periscopes for ICS for submarine application. The contract is worth approximately 53 crores (excluding applicable taxes) and is to be completed by FY25.,

Key Highlights

  • Won contract for Design, Optimization, Fabrication and Qualification of Optical Periscopes for ICS for Submarine Application
  • Contract worth approximately 53 crores (excluding applicable taxes)
  • To be completed by FY25
PARAS
Aerospace & Defense
Paras Defence and Space Technologies Ltd

Price Impact