Paras Defence Zooms After MoU With South Korea's Green Optics

11 Mar 2026 CW Team

Paras signed an MoU with Green Optics Co of South Korea to explore joint development in optics and optical systems for space and defence. The exchange filing said Green Optics designs and manufactures optics and optical systems for space, defence and other sectors. The firms intend to create a framework for joint development, manufacturing and regional business development.

Separately, Paras acquired a 49 per cent stake in Himanshi Thermal Solutions from DefSpace Technologies, making Himanshi an associate. Management said the acquisition aligned with strategic expansion objectives and was designed to unlock growth and business opportunities. Himanshi focuses on precision metal fabrication and advanced thermal management for aerospace and high technology sectors.

The filing said Himanshi manufactures mission critical liquid cold plates for space and airborne applications and offers specialised vacuum heat treatment services, supplying hardware for industries that require rigorous thermal performance and exacting engineering standards. Paras Defence and Space Technologies has a product portfolio spanning optics and optronic systems and a defence engineering vertical that includes defence electronics, EMP protection solutions and heavy engineering.

The group said it operates across rockets and missiles, space research, naval and armoured vehicles, electronic warfare, surveillance and electromagnetic shielding. Through subsidiaries Paras Defence is present in newer domains such as drones, RF and microwave systems, anti drone measures, electro optical and infrared systems for avionics platforms and quantum communication. Investors reacted favourably to the strategic developments and the firm said it will continue to pursue collaborations and targeted acquisitions to broaden technology and market access.

Shares of Paras Defence and Space Technologies jumped 10.9 per cent to an intraday high of Rs 750 and were trading 7.73 per cent higher at Rs 728.55 at 11:19 AM. The counter rose for the fourth session and has gained over 12 per cent in that period. The broader market was weaker with the Sensex down 1.72 per cent at 78,860.85. The moves followed a corporate announcement. Paras signed an MoU with Green Optics Co of South Korea to explore joint development in optics and optical systems for space and defence. The exchange filing said Green Optics designs and manufactures optics and optical systems for space, defence and other sectors. The firms intend to create a framework for joint development, manufacturing and regional business development. Separately, Paras acquired a 49 per cent stake in Himanshi Thermal Solutions from DefSpace Technologies, making Himanshi an associate. Management said the acquisition aligned with strategic expansion objectives and was designed to unlock growth and business opportunities. Himanshi focuses on precision metal fabrication and advanced thermal management for aerospace and high technology sectors. The filing said Himanshi manufactures mission critical liquid cold plates for space and airborne applications and offers specialised vacuum heat treatment services, supplying hardware for industries that require rigorous thermal performance and exacting engineering standards. Paras Defence and Space Technologies has a product portfolio spanning optics and optronic systems and a defence engineering vertical that includes defence electronics, EMP protection solutions and heavy engineering. The group said it operates across rockets and missiles, space research, naval and armoured vehicles, electronic warfare, surveillance and electromagnetic shielding. Through subsidiaries Paras Defence is present in newer domains such as drones, RF and microwave systems, anti drone measures, electro optical and infrared systems for avionics platforms and quantum communication. Investors reacted favourably to the strategic developments and the firm said it will continue to pursue collaborations and targeted acquisitions to broaden technology and market access.

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

Real Estate

29 Jul 2026

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Equipment

29 Jul 2026

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..