|
CONTROP Precision Technologies (CONTROP) is a privately owned company that specializes in the development and production of electro-optical and precision motion control systems for surveillance, defense and homeland security applications.
To support the memorandum of understanding (MoU) objectives, the company and Israel based-CONTROP intend to form a joint venture company (JV) in India for manufacturing electro-optic systems for various applications.
Paras Defence and Space Technologies offers high precision products and turnkey solutions to the defense and space sector, operating in three main verticals – defence and space optics, defence electronics solutions, and heavy engineering.
The company's consolidated net profit rose 27.25% to Rs 9.76 crore on a 31.09% increase in sales to Rs 60.88 crore in Q3 FY23 over Q3 FY22.
|