Paras Anti-Drone Technologies Pvt Ltd wins ADITI 1.0 challenge

Paras Anti-Drone Technologies Private Limited, a Subsidiary of Paras Defence and Space Technologies Limited ("Paras"), is the proud winner of ADITI 1.0 Challenge for "Mobile Ground Station in S/X/Ka band for Transmitting and Receiving Data from Satellites".

The Scheme/Challenge was launched by Defence Innovation Organisation (DIO), under the Department of Defence Production (DDP) - Ministry of Defence, Government of India as ADITI (Acing Development of Innovative Technologies with iDEX), a Scheme under iDEX for Promoting Innovations in Critical and Strategic Defence Technologies.

As per the Scheme, Paras Anti-Drone Technologies Private Limited is eligible for a grant amount upto 50% of the Product Development Budget (PDB), with a maximum limit of Rs. 25 crore.

Pursuant to this award, Paras Anti-Drone Technologies Private Limited will engage in the development of a groundbreaking Mobile Ground Station system. This solution, under development, leverages cuttingedge phased array technology to address next-generation demands for high-data-rate connectivity and multi-satellite tracking.

Shares of Paras Defence and Space Technologies Ltd was last trading in BSE at Rs. 1021.65 as compared to the previous close of Rs. 1061.05. The total number of shares traded during the day was 9116 in over 958 trades.

The stock hit an intraday high of Rs. 1088.00 and intraday low of 1008.00. The net turnover during the day was Rs. 9438500.00.

Source : Equity Bulls

Keywords

ParasDefenceandSpaceTechnologies Defence INE045601015 ParasAntiDroneTechnologies ADITIChallenge