Paras Defence Secures Rs 800 mn DRDO Contract

13 Mar 2026 CW Team

The contract will require Paras Defence to undertake design, development and system integration work for the optical payload, sensors and associated electronics. The scope includes testing and delivery of prototype units followed by production of serial sets as per contractual milestones. The firm will work with domestic suppliers to source components and carry out assembly and calibration activities. The programme is part of broader efforts to modernise air defence architecture and to enhance indigenous manufacturing capabilities.

The Rs 800 mn award improves the firm's order visibility and is expected to support near term revenue, operational scaling and incremental manufacturing utilisation. Company executives indicated that the project aligns with its strategic focus on indigenous defence technologies and building supply chains within the country. The contract also serves to deepen partnerships between private defence firms and the defence research establishment. The award could also encourage tiered suppliers to invest in specialised test facilities and quality assurance processes.

The deal may bolster investor confidence in the domestic defence sector and reaffirm demand for electro optical systems in modern air defence solutions. Analysts say follow on orders could emerge as integrators seek locally developed subsystems to reduce acquisition cycles. Paras Defence will now move into execution phase as it mobilises resources and coordinates with the DRDO for validation and delivery and timely completion. Delivery schedules and acceptance criteria are set out in the contract and will be monitored through joint review mechanisms.

Paras Defence and Space Tech (Paras Defence) has secured a Rs 800 mn contract from the Defence Research and Development Organisation (DRDO) to supply an air defence optical system. The order is aimed at strengthening surveillance and target acquisition capabilities for mobile air defence platforms. The procurement represents a further step in the company's expansion into advanced electro-optical solutions for defence applications. The contract will require Paras Defence to undertake design, development and system integration work for the optical payload, sensors and associated electronics. The scope includes testing and delivery of prototype units followed by production of serial sets as per contractual milestones. The firm will work with domestic suppliers to source components and carry out assembly and calibration activities. The programme is part of broader efforts to modernise air defence architecture and to enhance indigenous manufacturing capabilities. The Rs 800 mn award improves the firm's order visibility and is expected to support near term revenue, operational scaling and incremental manufacturing utilisation. Company executives indicated that the project aligns with its strategic focus on indigenous defence technologies and building supply chains within the country. The contract also serves to deepen partnerships between private defence firms and the defence research establishment. The award could also encourage tiered suppliers to invest in specialised test facilities and quality assurance processes. The deal may bolster investor confidence in the domestic defence sector and reaffirm demand for electro optical systems in modern air defence solutions. Analysts say follow on orders could emerge as integrators seek locally developed subsystems to reduce acquisition cycles. Paras Defence will now move into execution phase as it mobilises resources and coordinates with the DRDO for validation and delivery and timely completion. Delivery schedules and acceptance criteria are set out in the contract and will be monitored through joint review mechanisms.

Real Estate

03 Apr 2026

Loomcraft Enters South India with Kerala Store Launch

Loomcraft has launched its exclusive store in Kerala, marking its entry into South India and a key step in its nationwide expansion strategy. The move targets a region driven by tourism and premium real estate demand, where outdoor spaces play a central role in hospitality and residential experiences.Kerala’s growing base of luxury resorts, boutique hotels, villas and gated communities has created strong demand for specialised outdoor furniture. However, the region has remained underserved, with buyers relying on imports or generic products not suited to humid, coastal and monsoon-heavy cond..

Building Material

03 Apr 2026

Mild Steel Prices Seen Rising to Rs 61,000 Per Tonne

Mild steel prices in India, currently around Rs 58,000 per tonne, are expected to rise to nearly Rs 61,000 per tonne in April, indicating an increase of about Rs 3,000 per tonne. The anticipated rise reflects structural pressures driven by geopolitical tensions, energy constraints and limited raw material availability.Ongoing global conflict has disrupted energy markets, leading to LNG shortages that are affecting domestic steel production. Small and mid-sized manufacturers, particularly those dependent on gas-based processes, are witnessing production cuts due to constrained energy supply, re..

Infrastructure Urban

01 Mar 2026

Vedanta Expands Transgender Workforce to 75 Employees

Vedanta has strengthened its commitment to workplace inclusion by employing 75 transgender individuals across its businesses, including Vedanta Aluminium, Hindustan Zinc, Sesa Goa, FACOR and Cairn Oil & Gas. The initiative reflects sustained hiring efforts since 2022 to build equitable opportunities across operations, corporate and technical roles.Transgender employees are engaged in functions such as operations, finance, logistics, HR, CSR, healthcare and security, with provisions for internal mobility to support career progression. The company has implemented structured policies, includi..