Latest news with #AshutoshBaheti
Mint
02-07-2025
- Business
- Mint
Paras Defence share price rises 4% after bagging order worth ₹22 crore for anti-drone system. Do you own?
Paras Defence share price surged as much as 4 per cent in Wednesday's trading session to ₹ 1,693 apiece on National Stock Exchange (NSE) after the company announced it has bagged a new order from Frence defence company Cerbair. The defence stock has been trading in green, gained over 4 per cent in past five sessions. Paras Defence shares have given multibagger returns by surging over 243 per cent in five years. In a regulatory filing on Tuesday, Paras Defence announced that it had received a Letter of Intent from Cerbair for the delivery of 30 units of the CHIMERA 200 drone countermeasure system, with the contract valued at ₹ 22.21 crore. The order will be fulfilled by its subsidiary, Paras Anti-Drone Technologies Pvt Ltd, which focuses on drone jamming solutions. The company stated that the CHIMERA 200 is an advanced anti-jamming system capable of disabling hostile drones by interfering with their communication and control signals. This agreement highlights a significant milestone for India's defence exports, with the French company's interest signaling increasing global trust in India's homegrown counter-drone technologies. The company further said that the the deal worth approximately ₹ 22 crore (€2.2 million) by Paras, strengthens India's position as an emerging and reliable exporter of sophisticated defence technologies. It also aligns with the country's Make in India and Defence Production & Export Promotion Policy goals of achieving $5 billion in annual defence exports by 2025. 'Our collaboration withCERBAIR is proof of India's growing stature as trusted source of advanced anti-drone technologies. We're committed to delivering field-tested solutions that meet the world's highest standards and strengthen India's position as a global defence manufacturing hub," said Ashutosh Baheti, Chief Executive Officer, Paras Anti Drone Technologies. Looking ahead, the CHIMERA 200 is set to play a pivotal role in India's defence export ambitions, showcasing the country's ability to deliver cutting-edge, mission-ready technologies to international partners while supporting the vision of making India a global hub for advanced defence manufacturing and innovation, the company said. 'India has moved beyond licensed manufacturing to become a global hub for the development and export of world-class technologies. By delivering field-proven, customizable solutions like the CHIMERA 200 to demanding international markets, we're demonstrating not just our technological strength but our commitment to supporting India's vision of self-reliance and leadership in defence exports," said Amit Mahajan, Director, Paras Defence and Space Technologies Ltd.
Business Standard
02-07-2025
- Business
- Business Standard
Paras Defence gains as arm bags Rs 22-cr LoI from France's Cerbair
Paras Defence and Space Technologies added 3.71% to Rs 1,687.80 after its subsidiary, Paras Anti-Drone Technologies has received a Rs 22.21 crore letter of intent (LoI) from France's Cerbair to supply 30 units of its CHIMERA 200 anti-drone system. The said deal marks a major export breakthrough for India's defence tech sector. The CHIMERA 200 is a world-class counter-UAS system with exclusive wideband detection and neutralization capabilities, supporting both omnidirectional and directional operations. Its adaptive, upgradeable configuration enables precise threat detectionincluding drones, remote controls, and their take-off and control locationsacross 400 MHz to 6 GHz frequencies with up to five simultaneous bands. Its evolutionary RF architecture, secure API for C2 and weapons integration, low false alarm rate, and scalable design ensure it can counter drone threats today while evolving to address IEDs, signal spoofing, and broader electronic warfare needs. Ashutosh Baheti, chief executive officer (CFO), Paras Anti Drone Technologies, said: Our collaboration with CERBAIR is proof of Indias growing stature as trusted source of advanced anti-drone technologies. Were committed to delivering field-tested solutions that meet the worlds highest standards and strengthen Indias position as a global defence manufacturing hub. Lucas Le BELL, President, CERBAIR in a letter of intent sent to Paras Anti Drone Technologies, said: With shifts in global geopolitics and the conflict in Ukraine, the need for this solution has surged. Our customers are seeking demonstrations and deliveries, signalling a strong market fit. By boosting the neutralization power output with agile modulations to address the newest drone antineutralization innovations, we can ensure this solution rapidly becomes a major success. Amit Mahajan, Director, Paras Defence and Space Technologies, said, India has moved beyond licensed manufacturing to become a global hub for the development and export of world-class technologies. By delivering field-proven, customizable solutions like the CHIMERA 200 to demanding international markets, were demonstrating not just our technological strength but our commitment to supporting Indias vision of self-reliance and leadership in defence exports. Paras Defence and Space Technologies (PDST) is a Private sector company 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.
Mint
02-07-2025
- Business
- Mint
Paras Defence share price rises 4% after bagging order worth ₹22 crore for anti-drone system. Do you own?
Paras Defence share price surged as much as 4 per cent in Wednesday's trading session to ₹ 1,693 apiece on National Stock Exchange (NSE) after the company announced it has bagged a new order from Frence defence company Cerbair. The defence stock has been trading in green, gained over 4 per cent in past five sessions. Paras Defence shares have given multibagger returns by surging over 243 per cent in five years. In a regulatory filing on Tuesday, Paras Defence announced that it had received a Letter of Intent from Cerbair for the delivery of 30 units of the CHIMERA 200 drone countermeasure system, with the contract valued at ₹ 22.21 crore. The order will be fulfilled by its subsidiary, Paras Anti-Drone Technologies Pvt Ltd, which focuses on drone jamming solutions. The company stated that the CHIMERA 200 is an advanced anti-jamming system capable of disabling hostile drones by interfering with their communication and control signals. This agreement highlights a significant milestone for India's defence exports, with the French company's interest signaling increasing global trust in India's homegrown counter-drone technologies. The company further said that the the deal worth approximately ₹ 22 crore (€2.2 million) by Paras, strengthens India's position as an emerging and reliable exporter of sophisticated defence technologies. It also aligns with the country's Make in India and Defence Production & Export Promotion Policy goals of achieving $5 billion in annual defence exports by 2025. 'Our collaboration withCERBAIR is proof of India's growing stature as trusted source of advanced anti-drone technologies. We're committed to delivering field-tested solutions that meet the world's highest standards and strengthen India's position as a global defence manufacturing hub," said Ashutosh Baheti, Chief Executive Officer, Paras Anti Drone Technologies. Looking ahead, the CHIMERA 200 is set to play a pivotal role in India's defence export ambitions, showcasing the country's ability to deliver cutting-edge, mission-ready technologies to international partners while supporting the vision of making India a global hub for advanced defence manufacturing and innovation, the company said. 'India has moved beyond licensed manufacturing to become a global hub for the development and export of world-class technologies. By delivering field-proven, customizable solutions like the CHIMERA 200 to demanding international markets, we're demonstrating not just our technological strength but our commitment to supporting India's vision of self-reliance and leadership in defence exports," said Amit Mahajan, Director, Paras Defence and Space Technologies Ltd. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
