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Paras Defence and Space Technologies informs about disclosure

08 Oct 2024 Evaluate

In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), Paras Defence and Space Technologies has informed that Paras Anti-Drone Technologies, a Subsidiary of the company (‘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 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 will engage in the development of a groundbreaking Mobile Ground Station system. This solution, under development, leverages cutting edge phased array technology to address next-generation demands for high-data-rate connectivity and multi-satellite tracking. 

The above information is a part of company’s filings submitted to BSE.


Paras Defence &Space Share Price

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