Paras Defence Won Order Worth 53 Crores From IRDE

India :

• Paras Defence and Space Technologies Limited (“Paras”) has secured the contract from the Instrument Research & Development Establishment (IRDE), Government of India, Ministry of Defence, DRDO, dated January 30, 2024, for the design, optimization, fabrication, and qualification of optical periscopes for ICS for submarine application.
• The timeframe for executing the order : Full delivery is expected by the end of Fiscal Year 2025.
• Size of Order : The contract encompasses the design, optimization, fabrication, and qualification of Optical Periscopes, with an approximate value of 53 Crores (excluding applicable taxes).