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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..