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.

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

Infrastructure Urban

08 May 2026

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Infrastructure Transport

08 May 2026

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..