The shares of Paras Defence & Space Technologies Ltd were trading at ₹630.05 down by ₹19.10 or 2.94 per cent on the NSE today at 12.48 pm.
Paras Defence & Space Technologies Ltd. signed a teaming agreement with Germany’s High Performance Space Structure Systems GmbH (HPS GmbH) on August 7, 2025, to co-develop deployable antenna reflector systems for satellites in the Indian market.
The partnership will focus on creating unfurlable antenna reflectors that fold during satellite launches and deploy automatically in orbit. The technology includes reflector assemblies, hold-down release mechanisms, deployment electronics, and thermal hardware components.
Under the exclusive arrangement for India, Paras Defence will serve as the primary customer interface while HPS GmbH provides design and manufacturing support from Germany. The German company may establish similar facilities in India through a potential joint venture.
The collaboration addresses India’s reliance on international suppliers for deployable reflector technology, marking what the companies describe as one of the first private sector initiatives to develop these capabilities domestically. The reflectors will support applications including satellite internet, Earth imaging, disaster response, and military communications.
Amit Mahajan, Director at Paras Defence, said the partnership addresses a strategic gap in India’s space manufacturing ecosystem and supports the country’s self-reliance goals.
Mumbai-based Paras Defence operates in optics and defence engineering with over 40 years in business, serving clients including DRDO, ISRO, and the Ministry of Defence. Munich-based HPS GmbH specializes in deployable antenna systems for European and international space programs.
Published on August 8, 2025