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Hot Pursuit
02-Jun-23
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Paras Defence spurts on forming JV with Israel-based CONTROP
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Paras Defence and Space Technologies jumped 7.66% to Rs 538.35 after the company entered into a joint venture agreement with CONTROP Precision Technologies, Israel for the purpose of undertaking business of manufacturing EO/IR systems.
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The JV will undertake the business of manufacturing/production, implementation/installation, integrated logistics support (ILS), after sale support, training etc., in the electro optic (EO)/infra-red (IR) field in accordance with the Government of India's Make in India initiative.
Paras Defence will hold 30% stake in the venture and the remaining 70% will be held by CONTROP.
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. As on 31 March 2023, the Government of India held 58.94% in the company.
The company's consolidated net profit rose 4.5% to Rs 10.76 crore on 6.3% increase in sales to Rs 65.10 crore in Q4 FY23 over Q4 FY22.
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Previous News |
Paras Defence gains on inking pact with Israel based-CONTROP
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Hot Pursuit
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15-Mar-23
10:06
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Paras Defence signs MoU with CONTROP, Israel
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Corporate News
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15-Mar-23
09:38
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Paras Defence & Space Techs. to declare Quarterly Result
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Corporate News
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02-Feb-24
16:22
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Paras Defence & Space Techs. announces board meeting date
(
Corporate News
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08-Nov-21
12:58
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Paras Defence signs MoU with Yantra India
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Corporate News
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16-Feb-23
11:50
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Paras Defence and Space Technologies gains after entering into teaming agreement with ELDIS Pardubice
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Hot Pursuit
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07-Sep-22
09:27
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Paras Defence & Space Techs. to convene board meeting
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Corporate News
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18-May-24
15:38
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Paras Defence & Space Techs. to convene AGM
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Corporate News
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07-Sep-22
11:03
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Paras Defence arm gets Rs 305-cr order from L&T
(
Hot Pursuit
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16-Aug-24
08:58
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Paras Defence spurts on debut
(
Hot Pursuit
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01-Oct-21
10:15
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Paras Defence & Space Techs. schedules board meeting
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Corporate News
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04-Feb-22
16:01
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