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Paras Defence and Space Technologies Ltd News

Paras Defence inks pact for Rs 12,000 cr optics park in Maharashtra by 2035

Paras Defence on Thursday said it is planning to invest Rs 12,000 crore to set up the country's first optics park in Maharashtra and signed an initial pact with the state government at the ongoing World Economic Forum in Davos. The project is expected to commence in 2028 and will continue till 2035 to ensure scalability and flexibility. The investment is set to create a technology hub for defence, space, automotive, semiconductor and other applications, the company said in a statement. It also reaffirms Paras Defence's commitment to the 'Make in India' initiative while advancing India's aspirations for technological independence in critical sectors, the company said, adding that the project is poised to generate over 2,000 direct employment opportunities. Under the planned initial pact, the Maharashtra government has pledged its support to the company in securing land, various incentives and approvals to bring the ambitious project to fruition, it stated. "This revolutionary proje

Paras Defence inks pact for Rs 12,000 cr optics park in Maharashtra by 2035
Updated On : 23 Jan 2025 | 2:00 PM IST

Here's why Paras Defence and Space Technologies rallied 8% on January 23

The uptick in the Paras Defence share came after the company announced that it has signed a MoU with the Maharashtra Government, for the proposed Optics Park Project in Navi Mumbai, Maharashtra

Here's why Paras Defence and Space Technologies rallied 8% on January 23
Updated On : 23 Jan 2025 | 10:56 AM IST

Why Paras Defence & Space Technologies hit 10% upper circuit in trade?

Department for Promotion of Industry & Internal Trade, Ministry of Commerce & Industry, Government of India granted license to the company for a lifetime

Why Paras Defence & Space Technologies hit 10% upper circuit in trade?
Updated On : 07 Jan 2025 | 12:43 PM IST

GRSE, BEML, BDL gain up to 6% as DAC clears Rs 21,772 cr defence proposals

The Defence Acquisition Council (DAC) accorded Acceptance of Necessity for five capital acquisition proposals worth over Rs 21,772 crore.

GRSE, BEML, BDL gain up to 6% as DAC clears Rs 21,772 cr defence proposals
Updated On : 04 Dec 2024 | 10:04 AM IST

Ola Electric, Adani Green, GMR Power, 384 more stocks hit upper limit today

Paras Defence, Ravindra Energy, Zaggle Prepaid Ocean Services, Oriental Rail Infrastructure, Puravankara and Veritas (India) from the BSE Smallcap index have locked in upper circuit.

Ola Electric, Adani Green, GMR Power, 384 more stocks hit upper limit today
Updated On : 27 Nov 2024 | 3:44 PM IST

Paras Defence zooms 5% after opening optical systems testing facility

Shares of Paras Defence and Space Technologies gained up to 5 per cent to hit an intraday high of Rs 1025.10 a piece on Monday

Paras Defence zooms 5% after opening optical systems testing facility
Updated On : 25 Nov 2024 | 11:21 AM IST

Defence stocks in focus; Paras, DCX freeze at 5% upper circuit on order win

Data Patterns (India), Bharat Electronics, Mishra Dhatu Nigam, Garden Reach Shipbuilders & Engineers and Zen Technologies are up in the range of 3 per cent to 6 per cent

Defence stocks in focus; Paras, DCX freeze at 5% upper circuit on order win
Updated On : 30 Oct 2024 | 11:01 AM IST

Here's why Paras Defence shares surged up to 5% today; up 81% in six mths

Aerospace and Defence firm Paras Defence and Space Technologies share price today surged up to 4.7 per cent at Rs 1,119 per share after the company bagged an order worth Rs 303 crore from L&T

Here's why Paras Defence shares surged up to 5% today; up 81% in six mths
Updated On : 30 Sep 2024 | 12:09 PM IST

Paras Defence hits upper limit on bagging licence to make defence products

The uptick in the Paras Defence stock price came after government granted industrial licence to the company for establishing an industrial undertaking for manufacturing defence products.

Paras Defence hits upper limit on bagging licence to make defence products
Updated On : 22 Aug 2024 | 10:27 AM IST

Paras Defence locked in 5% upper circuit after arm bags order of Rs 305 cr

The uptick in the share price came after the company announced that its associate company, Controp-Paras Technologies Private Limited, has secured an order worth Rs 305 crore from L&T.

Paras Defence locked in 5% upper circuit after arm bags order of Rs 305 cr
Updated On : 16 Aug 2024 | 10:23 AM IST