Paras Defence inks Exclusive Teaming Agreement with ‘ELDIS Pardubice'; stock zooms ~4%

7 Sep 2022 , 09:36 AM

Paras Defence and Space Technologies Limited informed that it has entered into an Exclusive Teaming Agreement with ‘ELDIS Pardubice’ s.r.o., Czech Republic.

The company intends to provide Turnkey Anti-Drone Systems for Civilian Airports in India.

Paras Defence is a Mumbai-based defense engineering firm that principally designs, develops, manufactures, and tests a wide range of defense and space engineering products and solutions. The company is a key supplier of optics for different Indian defense and space initiatives.

At around 9.38 AM, Paras Defence was trading at Rs724 apiece, up by 4.03% from its previous closing of Rs695.95 on the BSE. The scrip opened at Rs726 and touched intraday high and low of Rs730 and Rs716.65 respectively.

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