Paras Defence receives order worth ₹305 cr from L&T

Paras Defence & Space Technologies shares hit the upper circuit of 5% on Friday, after its associate company, Controp-Paras Technologies Private Limited, secured a Rs 305 crore order from Larsen & Toubro. The company received a contract for manufacturing and supply of 244 units of the Sight-25 HD Electro-Optics (EO) System. The firm will deliver the order within 47 months.