Paras Defence To Develop Advanced Laser System for DRDO in ₹142 Crore Deal

Paras Defence and Space Technologies Limited has received an order from the Center for High Energy Systems & Sciences (CHESS), which is part of DRDO under the Ministry of Defence, Government of India. The order is worth approximately ₹142.31 crores, including taxes.  

Project Scope & Contract Specifications 

The company will develop a Laser Source Module and integrate it with a Beam Control System (BCS) on a mobile platform. This is part of a larger project involving a High-Power Laser System designed for Anti-Drone and Anti-Missile applications.  

Contract Specifications:

• The order is from a domestic entity- the Government of India, Hyderabad.  

• The project is expected to be completed within 24 months.  
• The project’s value is around ₹142.31 crores.

About Paras Defence and Space Technologies Ltd 

Paras Defence and Space Technologies Limited is a leading Indian defence engineering company specialising in Defence Electronics, Optics and Heavy Engineering. As a dedicated “Make in India” company, it has over 40 years of experience and is the only Indian firm producing Infrared Optics in large quantities, contributing to major defence and space programs.

Share performance 

As of March 20, 2025, at 11:00 AM, with a market capitalisation of ₹40.59 billion, the shares of Paras Defence and Space Technologies Ltd are trading at ₹1,020.70 per share, reflecting a profit of 7.01% from the previous day’s closing price. Its price-to-earnings ratio stands at 73.74. Over the past month, the stock has registered a profit of 13.23%. The stock’s 52-week high stands at ₹1,592.70 per share, while its 52-week low is ₹610.00 per share.

Conclusion

This new project reflects Paras Defence’s capabilities in advanced defence technology and is expected to strengthen its partnership with the Indian defence sector. Successful completion of this order could enhance the company’s reputation and lead to further opportunities in defence technology projects.

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