Paras Defence wins ₹142 crore anti-drone laser project

Paras Defence & Space Technologies Ltd has won a contract worth Rs 142.31 crore from the Defence Research and Development Organisation (DRDO). This contract is for a project to develop a high-powered anti-drone laser system. The work will take place over 24 months and is expected to boost India's defence capabilities. The Centre for High Defence Systems & Sciences (CHESS), part of DRDO, is overseeing the project. According to Munjal Sharad Shah, the Managing Director of Paras Defence, this development highlights the company’s commitment to innovation in India’s defence sector. They are proud to lead the way in creating this advanced technology. The anti-drone laser system will help protect against aerial threats like drones and missiles. The technology aims to provide precise, cost-effective solutions quickly. The market for these high-power laser defence systems is significant, estimated at around Rs 25,000 crore, suggesting strong future growth for the company. In addition to advancing technology, this project is expected to create jobs for skilled professionals in research, development, and manufacturing. This local development may also open up opportunities for exports as other countries look for advanced ways to deal with growing drone threats.