Mumbai, March 9 -- The contract, awarded by a domestic entity, is slated for execution within 18 months from the date of the supply order. The company said the project will enhance its capabilities in advanced defence technologies and strengthen its partnership with DRDO.

Paras Defence clarified that neither the promoter nor promoter group companies have any interest in DRDO, and the order does not constitute a related party transaction.

Paras Defence and Space Technologies is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments - defence & space optics, defence electronics, heavy engineering, and electro...