Highlights

• Paras Defence has received a domestic defence order worth ₹71.68 crore from IRDE-DRDO.
• The order includes the supply of two Optronic Periscopes designed for submarine applications.
• Execution of the contract is scheduled for completion between August and September 2026.

Paras Defence and Space Technologies Limited (NSE:PARAS) has announced the receipt of a significant defence manufacturing order from the Instruments Research & Development Establishment (IRDE) under the Defence Research and Development Organisation (DRDO). The contract, valued at approximately ₹71.68 crore including GST, involves the supply of advanced Optronic Periscopes for submarine applications, marking an important development for the company.

Major Order from Ministry of Defence

Paras Defence has confirmed the receipt of a new order from IRDE-DRDO, Ministry of Defence. The contract, valued at approximately ₹71.68 crore including GST, has been awarded for the supply of two Optronic Periscopes intended for submarine deployment.

Scope and Details of the Contract

The order has been placed by a domestic government entity, specifically IRDE-DRDO. The scope covers the design, manufacture and supply of two advanced Optronic Periscopes engineered for underwater defence platforms. These systems play a critical role in submarine operations, enabling visual reconnaissance and situational awareness.

Paras Defence stated that the execution timeline for the order is set between August and September 2026.

Strategic Importance for Paras Defence

The newly secured order adds to the company’s ongoing engagements in defence optics, electro-optics, and imaging systems. With a focus on supplying specialised equipment to strategic programmes, the contract reinforces the company’s presence within India’s defence manufacturing landscape.

The order also demonstrates continuing engagement between the company and DRDO’s establishments, as Paras Defence remains a recognised partner supplying a range of high-precision technologies across key defence platforms.

Regulatory Disclosure and Communication

Paras Defence submitted detailed disclosures to stock exchanges as per SEBI regulations, including the nature, scope, size, and execution schedule of the contract. The company confirmed that the awarded contract falls entirely within domestic procurement parameters and has no linkage to related-party entities.