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Paras Defence Bags Order Worth INR77 Million for Satellite Communication

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-- Paras Defence and Space Technologies (NSE:PARAS, BOM:543367) has secured an order worth 77.2 million Indian rupees from India's Defence Research and Development Organisation, according to a Thursday filing to the Indian stock exchanges.

The contract is for the development of Ku/C-band satellite communication phased array antennas for airborne applications.

The contract is scheduled to be completed by April 29, 2028.

The company's shares were down nearly 2% in recent trade.

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Paras Defence Bags Order Worth INR77 Million for Satellite Communication | FINWIRES