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Corporate News 17-May-23

Board of Paras Defence and Space Technologies approves incorporation of JV entity

At meeting held on 16 May 2023

The Board of Paras Defence and Space Technologies at its meeting held on 16 May 2023 have approved incorporation of an Associate Company with CONTROP Precision Technologies (CONTROP) through a proposed Joint Venture Agreement.

CONTROP is an Israeli Electro Optics (EO) company, specializing inter-alia in the development and production of EO/ Infrared (IR) payloads for Land, Air and Naval applications all around the globe.

The proposed Associate Company shall be engaged in the business of manufacturing EO/IR Systems for various applications in accordance with the Government of India's Make in India initiative.

Previous News

Paras Defence and Space Technologies standalone net profit declines 17.66% in the June 2023 quarter
( Results - Announcements 07-Aug-23 13:59 )

Paras Defence and Space Technologies consolidated net profit declines 7.34% in the March 2024 quarter
( Results - Announcements 25-May-24 16:49 )

Paras Defence hits 52-week high after Q4 PAT climbs 64% QoQ to Rs 96 cr
( Hot Pursuit - 27-May-24 10:50 )

Paras Defence and Space Technologies consolidated net profit declines 44.17% in the March 2022 quarter
( Results - Announcements 21-May-22 08:25 )

Paras Defence and Space Technologies receives upgrade in ratings from CRISIL
( Corporate News - 15-Jun-23 16:48 )

Paras Defence and Space Technologies director resigns
( Corporate News - 12-Dec-22 10:31 )

Paras Defence gains on inking pact with Israel based-CONTROP
( Hot Pursuit - 15-Mar-23 10:06 )

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( Corporate News - 31-Oct-23 19:01 )

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( Results - Announcements 21-May-22 08:23 )

Paras Defence gains on bagging order
( Hot Pursuit - 16-Jun-23 10:11 )

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( Results - Announcements 15-Nov-21 15:56 )