Paras Aerospace Pvt Ltd receives Type Certificate from DGCA

Paras Aerospace Private Limited ('Paras Aerospace'), subsidiary of Paras Defence and Space Technologies Limited has received Type Certificate from DGCA (Directorate General of Civil Aviation), Drone Directorate, Govt. of India, for it's Agri Drone - "Paras-Agricopter". This can also be seen on Digital Sky Website of DGCA.

This certification will enable execution of existing contracts as received by Paras Aerospace for "Paras-Agricopter" and will also unlock newer opportunities in the Agricultural Drone Market. The certification is received for Small Drone category with 'All Up Weight' less than 25Kgs, where Paras Aerospace has high quality and cost effective drone, which will further enhance the application requirements.

The DGCA Type Certification is issued after a rigorous testing and certification process for the Unmanned Aerial Vehicles (UAV) which authenticates the design and quality of the Drone. Paras Aerospace believes that this is an important milestone in their journey of offering World Class, Made In India Agri Drones.

Shares of Paras Defence and Space Technologies Ltd was last trading in BSE at Rs. 484.10 as compared to the previous close of Rs. 479.35. The total number of shares traded during the day was 9665 in over 856 trades.

The stock hit an intraday high of Rs. 485.80 and intraday low of 479.40. The net turnover during the day was Rs. 4665721.00.

Source : Equity Bulls

Keywords

ParasDefenceandSpaceTechnologies INE045601015 TypeCertificate ParasAerospace DGCA ParasAgricopter AgriDrone