India's Paras Defence rises on 266 mln order

Paras Defence and Space Technologies

12/09/2025 06:38

Adds missing currency in headline

** Shares of Paras Defence and Space Technologies PRAF.NS rise 3.3% to 675 rupees

** Stock logs biggest intraday pct gain since August 11

** Co receives orders worth 266 mln rupees ($3.01 mln) from Opto Electronics Factory, a unit of Ministry of Defence-owned India Optel

** Order is for electronic control systems used in thermal imaging fire control systems for battle tanks

** More than 718,458 shares change hands, 1.5x of 30-day avg

** Stock up 34% YTD

($1 = 88.2800 Indian rupees)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))