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FINWIRES

Paras Defence and Space Technologies to Develop Anechoic Chambers

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-- Paras Defence and Space Technologies (NSE:PARAS, BOM:543367) has entered into a memorandum of understanding with Bengaluru-based Complus Systems and Faridabad-based JV Micronics to jointly pursue opportunities in anechoic and semi-anechoic chambers, according to an Indian bourse filing on Tuesday.

Shares of the company rose nearly 1% in Wednesday's trade.

The consortium will undertake "design, development, manufacturing, installation, and servicing" of such facilities in India and overseas, the filing said.

Paras Defence will act as the lead partner, managing the design, development and manufacturing of the chambers, while the other partners will provide technical and manufacturing support, it added.

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