Paras Defence and Space Technologies Ltd Share Price – NSE /  BSE

Aerospace & Defence, Small Cap

The agreement covers the transfer of technology for the Driver Night Sight (DNS) system used in T-90 tanks.

Paras Defence and Space Technologies is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments - defence & space optics, defence electronics, heavy engineering, and electromagnetic pulse protection solutions.

The company reported a 48.9% jump in consolidated net profit to Rs 20.64 crore on 21.4% increase in revenue from operations to Rs 105.72 crore in Q2 FY26 over Q2 FY25.

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Paras Defence and Space Technologies has signed licensing agreement with Defence Research & Development Organisation (DRDO), Ministry of Defence for transfer of technology of Driver Night Sight (DNS) for T-90 Tank.

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IUAC is an autonomous institute under the University Grants Commission, Ministry of Education. It conducts particle-accelerator-based research and development.

Under the MoU, Paras Defence and IUAC will jointly develop a commercial-grade MRI magnet system. The collaboration aims to enable indigenous manufacturing of superconducting MRI magnet technology. The companies said the project supports India?s push toward self-reliance under Aatma Nirbhar Bharat.

Paras Defence and Space Technologies is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments - defence & space optics, defence electronics, heavy engineering, and electromagnetic pulse protection solutions.

The company reported a 48.9% jump in consolidated net profit to Rs 20.64 crore on 21.4% increase in revenue from operations to Rs 105.72 crore in Q2 FY26 over Q2 FY25.

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Paras Defence and Space Technologies has signed a Memorandum of Understanding (MoU) with Inter- University Accelerator Centre (IUAC), New-Delhi.

Inter- University Accelerator Centre (IUAC), New-Delhi is an autonomous Institute under the University Grants Commission (UGC), Ministry of Education (MoE), Government of India (GOI), and carries out particle accelerator based basic research and development.

PARAS and IUAC will combine their respective capabilities in order to develop commercial- grade MRI magnet system for indigenous manufacturing in the country to make India a Self-Reliant in superconducting MRI Magnet technology, thus nurturing Aatma Nirbhar Bharat.

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