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Paras Defence and Space Technologies gets nod to incorporate Associate Company

17 May 2023 Evaluate

Paras Defence and Space Technologies has received an approval for incorporation of an Associate Company with CONTROP Precision Technologies (CONTROP) through a proposed Joint Venture Agreement. CONTROP is an Israeli Electro Optics (EO) company, specializing inter-alia in the development and production of EO/ Infrared (IR) payloads for Land, Air and Naval applications all around the globe. 

The proposed Associate Company shall be engaged in the business of manufacturing EO/IR Systems for various applications in accordance with the Government of India’s Make in India initiative. The Board of Directors of the company at their meeting held on May 16, 2023, have approved the same. 

Paras Defence and Space Technologies is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. 

Paras Defence &Space Share Price

811.10 34.05 (4.38%)
17-Apr-2026 16:59 View Price Chart
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