Paras Defence shares rise 5% on securing license to make key defence products

Paras Defence shares have gained 66 percent in the past six months.

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26 Aug, 2025 12:21

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Paras Defence and Space Technologies shares gained five percent in early trade on August 22 after the government granted the space tech player an industrial license to undertake the manufacturing of products.

At 9.20 am, Paras Defence shares were quoting Rs 1,293.8 on the NSE, higher by around five percent compared to the previous closing price.

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The Department for Promotion of Industry & Internal Trade (DPIIT) has granted an industrial license to the company to establish an industrial undertaking for manufacturing several items, including infrared or thermal imaging equipment, electro-optics systems, sub-systems and platform of radar systems, modules and control assemblies, opto-electronic assemblies, and border security surveillance systems.

The license has a validity of around 15 years. The company also notified the exchanges that the industrial undertaking to manufacture these items will be located in Navi Mumbai, Maharashtra.

On August 14, Paras Defence and Space Technologies' associate company, Controp-Paras Technologies secured a Rs 305 crore-order from Larsen and Toubro (L&T).

The Rs 305 crore-order involves the manufacturing and supply of 244 units of the Sight - 25 HD Electro-Optics (EO) System. The Sight-25HD EO System is expected to enhance the capabilities of L&T's CIWS program, which is crucial for naval defence.

Paras Defence shares have gained 66 percent in the past six months, outperforming the Nifty 50, which gained 11.5 percent during the same period.

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