Paras Defence and Space Technologies Ltd wins contract for Avionics Suite for Saras MK-2 Aircraft

Paras Defence and Space Technologies Limited ('Paras') has won the contract dtd. 18th March 2023 for Avionics Suite for Saras MK - 2 Aircraft from Council of Scientific & Industrial Research (CSIR) - National Aerospace Laboratories (NAL), Bengaluru of value totaling to Approx. 64 Cr. Deliveries for which are to be done in FY-24.

Saras is the first Indian multi-purpose civilian aircraft in the light transport aircraft category as designed by the CSIR-NAL.

Avionics Suite of Saras MK - 2 Aircraft is the complete glass cockpit of the aircraft, including all the equipment related to control, monitoring, communication, navigation, weather and anticollision systems along with Auto-Pilot System.

Shares of Paras Defence and Space Technologies Ltd was last trading in BSE at Rs. 485.40 as compared to the previous close of Rs. 484.70. The total number of shares traded during the day was 11122 in over 1079 trades.

The stock hit an intraday high of Rs. 494.35 and intraday low of 483.00. The net turnover during the day was Rs. 5434116.00.

Source : Equity Bulls

Keywords

ParasDefenceandSpaceTechnologies Defence INE045601015 OrderWin AvionicsSuite SarasMK2Aircraft CSIR NationalAerospaceLaboratories