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HomeMarket NewsParas Defence gains over 6% on bagging order worth ₹26.6 crore from Opto Electronics Factory
The order pertains to the supply of Electronic Control Systems used in the Thermal Imaging Fire Control System (TIFCS) for battle-tank applications delivered by Opto Electronics Factory to the Indian Armed Forces, the company informed the stock exchanges.
By CNBCTV18.com September 12, 2025, 11:59:19 AM IST (Published)
Shares of Paras Defence and Space Technologies Ltd rose as much as 6% on Friday, September 12, after the company secured an order worth ₹26.6 crore, inclusive of taxes. The rally was seen in response to the announcement of new incremental orders from state-owned Opto Electronics Factory (OLF), a Unit of India Optel Ltd, a government enterprise under the Defence Ministry.
The execution period for the contract is scheduled from December 2025 to September 2026, Paras Defence said in a stock exchange filing.
The order pertains to the supply of Electronic Control Systems used in the Thermal Imaging Fire Control System (TIFCS) for battle-tank applications delivered by Opto Electronics Factory to the Indian Armed Forces, the company informed the stock exchanges.
With the incremental orders, the total value of contracts for the supply of Electronic Control Systems in TIFCS has risen to approximately ₹141.63 crore, including taxes.
The original orders stood at about ₹115.03 crore, and the additional quantities include critical components such as the Control Panel for Ballistic Computer, Ballistic Computer, and Gun Positioning System.
Opto Electronics Factory, a unit of India Optel Ltd, is a state-owned defence manufacturer under the Ministry of Defence, Dehradun.
Paras Defence confirmed that the orders were awarded by a domestic entity and clarified that neither the promoter group nor related parties have any interest in OLF. The contract does not fall within the ambit of related party transactions.
Following the announcement of fresh incremental orders, shares of Paras Defence witnessed positive momentum. The stock opened at ₹658.15 apiece on the BSE against the previous close of ₹654.05 and climbed to an intraday high of ₹678, before hitting a low of ₹658.15.
In August, the Navi Mumbai-based Paras Defence announced that it secured an order worth about ₹45.32 crore from Bharat Electronics (BEL) for the supply of signal and data processing systems along with multi-sensor fusion systems.
Earlier in August, the company also entered into a teaming agreement with Germany’s High Performance Space Structure Systems GmbH to collaborate on defence and space projects in the Indian market.
Shares of Paras Defence were trading over 4% higher at noon.
