Paras Defence and Space Technologies Ltd. has announced that it has received a significant order from the Center for High Energy Systems & Sciences (CHESS), DRDO, under the Ministry of Defence, Government of India. The order, valued at approximately ?142.31 crores (inclusive of taxes), involves the development of a Laser Source Module and its integration with a Beam Control System (BCS) on a mobile platform.
This project is a crucial component of the High-Power Laser System designed for Anti-Drone and Anti-Missile applications. Paras Defence will execute the order within 24 months, demonstrating its commitment to advancing cutting-edge defense technologies.
This development has been disclosed in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.