Paras Defence and Space Technologies has secured a significant contract worth Rs 71.68 crore from the Defence Research and Development Organisation’s (DRDO) Instruments Research and Development Establishment (IRDE) for the supply of two advanced optronic periscopes for submarine applications. Announced on November 17, 2025, the order is scheduled for execution between August and September 2026. This contract enhances India’s indigenous defence manufacturing capabilities, particularly in advanced submarine technologies crucial for underwater surveillance and reconnaissance. Paras Defence’s role in this programme aligns with the Indian government’s ‘Make in India’ initiative, promoting self-reliance and reducing dependency on foreign imports for critical defence equipment. The advanced optronic periscopes represent a strategic step in modernizing the Indian Navy’s operational assets by boosting situational awareness and surveillance capabilities. This order underscores Paras Defence’s growing stature as a trusted partner in India’s defence ecosystem and is expected to contribute significantly to its business growth in the coming years. The news reflects the government’s ongoing focus on strengthening domestic defence production capabilities.