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PARAS
has received a ₹26.59 crore order from the Defence Research and Development Organisation (DRDO) for a hyperspectral mission. The company will act as the Lead System Integrator, undertaking the design, analysis, fabrication, manufacturing and assembly of the optics and opto-mechanical unit. The payload will qualify as a space-borne system with potential Earth-observation applications, with delivery scheduled by September 27, 2027.
At ₹26.59 crore, the contract is relatively modest compared with Paras Defence's overall business. The significance lies in the company's role as Lead System Integrator rather than simply a component supplier.
The company will be responsible for the complete optics and opto-mechanical package, including design and manufacturing. This demonstrates capabilities across the value chain and could strengthen its credentials for future satellite payload and space-system programmes.
Hyperspectral imaging requires specialised optics capable of capturing information across multiple wavelengths and has potential applications in Earth observation, agriculture, mineral mapping and other remote-sensing applications.#FundamentalViews#StockInNews#MacroViews#EquityResearch#WatchOutFor
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