Deals12 Sept 2025, 09:11 am
Paras Defence and Space Technologies Receives Incremental Orders Valued at Rs. 26.6 Crores
AI Summary
Paras Defence and Space Technologies Limited has received incremental orders from Opto Electronics Factory ('OLF'), a Unit of India Optel Ltd., Govt. of India Enterprise, Ministry of Defence, Dehradun. The orders, valued at approximately Rs. 26.6 Crores (incl. taxes), are for the supply of Electronic Control Systems used in Thermal Imaging Fire Control System (TIFCS) for Battle-Tank application delivered by OLF to Indian Armed Forces. The existing orders amount to approximately Rs. 115.03 crs (incl taxes), and with the amended orders, the revised order value for supply of Electronic Control Systems used in TIFCS now stands at approximately Rs. 141.63 crs (incl. taxes).
Key Highlights
- Paras Defence and Space Technologies received incremental orders from Opto Electronics Factory ('OLF').
- The orders are for the supply of Electronic Control Systems used in TIFCS for Battle-Tank application delivered by OLF to Indian Armed Forces.
- The orders are valued at approximately Rs. 26.6 Crores (incl. taxes).
- The existing orders amount to approximately Rs. 115.03 crs (incl taxes).
- The revised order value for supply of Electronic Control Systems used in TIFCS now stands at approximately Rs. 141.63 crs (incl. taxes).