Paras Defence and Space Technologies Ltd enters into MOU with Hevendrones Ltd

Paras Defence and Space Technologies Limited ('PARAS') has entered into an MOU (Memorandum of Understanding) on May 05, 2025 with Hevendrones Ltd., ('HD'), Israel with an intent to create new opportunities and expand both parties' business in the Indian and Global Defence sector. To support the MoU objectives, the parties intend to form a Joint Venture Company ('JV') in India for development and production of logistics and cargo drones for defence and civil market, all in accordance with the Government of India's Make in India initiative.

Shares of Paras Defence and Space Technologies Ltd was last trading in BSE at Rs. 1375.70 as compared to the previous close of Rs. 1347.80. The total number of shares traded during the day was 186033 in over 10737 trades.

The stock hit an intraday high of Rs. 1395.00 and intraday low of 1325.10. The net turnover during the day was Rs. 254391743.00.

Source : Equity Bulls

Keywords

ParasDefenceandSpaceTechnologies Defence INE045601015 MOU Hevendrones