Archive · 2 Jul 2025
Paras Defence Shares Rise After ₹22 Crore Anti-Drone Order
Paras Defence, an Indian company, got a big order from a French company called Cerbair to sell them anti-drone systems.
They're selling 30 CHIMERA 200 systems, which are like shields against enemy drones.
This deal is worth a lot of money, about ₹22 crore.
Because of this good news, more people wanted to buy shares of Paras Defence, and the price of the stock went up.
This also shows that India is becoming better at making high-tech defense equipment and selling it to other countries.
Paras Defence received a Letter of Intent from Cerbair for its anti-drone system.
The LoI is for 30 units of the CHIMERA 200 anti-drone system.
The contract value is approximately ₹22.21 crore (₹22 crore).
Shares of Paras Defence surged up to 4% after the announcement.
The deal highlights India's growing role in defense exports.
- Who
- Paras Anti-Drone Technologies and Cerbair.
- What
- Paras Anti-Drone Technologies received a Letter of Intent to purchase 30 units of the CHIMERA 200 anti-drone system.
- When
- The announcement led to a 4% increase in Paras Defence's stock price.
- Where
- India and France.
- Why
- Cerbair seeks to purchase the CHIMERA 200 system.
- Company
- Paras Defence and Space Technologies Ltd
- Subsidiary
- Paras Anti-Drone Technologies Pvt Ltd
- LoI Issuer
- Cerbair (France)
- Product
- CHIMERA 200 anti-drone system
- Units in LoI
- 30
- LoI Value
- ₹22.21 crore (approx.)
- Stock Price Change
- Up to 4%
Sources
Paras Defence shares climb as subsidiary gets LoI from French anti drone leader Cerbair
Paras Defence bags Rs 22 crore order from French defence firm, Cerbair
Paras Defence subsidiary bags ₹22 crore French order for indigenous anti-drone system
