Paras Defence jumps 10% after firm ties up with Northstar USA for advanced aerial refuelling solutionsParas Defence jumps 10% after firm ties up with Northstar USA for advanced aerial refuelling solutions

Introduction

Leading defence company signed agreement with US-based Northstar for air-to-air refueling systems supply, support services and collaboration for Indian Armed Forces operations.

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Share price movement of Paras Defence

On April 15, 2026, Paras Defence and Space Technologies Ltd opened at ₹708.20, up 0.29% from its previous close of ₹706.25. The stock reached a high of ₹773.70 (9.55%) and a low of ₹708.20. By 15:30, it traded at ₹756.00, a 7.04% increase, with a market cap of ₹6,092.40 crore.

Paras Defence Signs Northstar Deal

Paras Defence and Space Technologies Limited signed an agreement with Bandak Aviation Inc DBA Northstar USA for supply and support of air-to-air refueling systems and related services for Indian Armed Forces.

The agreement includes collaboration for development, facilities and depot level capability to support Northstar aerial refueling products. The arrangement is set for a period of ten years between both parties.

Paras Defence stated it holds no shareholding in Northstar. The agreement defines exclusive cooperation terms for selling and supporting aerial refueling systems for Indian Air Force operations and services.

Stock performance of Paras Defence for period of 1 week, 6 months, and 1 year

Paras Defence and Space Technologies Ltd delivered a 1-week return of 5.86%, a 6-month return of 0.06%, and a 1-year return of 36.5%.

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Shareholding pattern of Paras Defence

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	53.20%	53.20%	53.70%
FII	4.90%	5.70%	6.90%
DII	1.30%	1.50%	1.90%
Public	40.60%	39.60%	37.50%

About Paras Defence

Paras Defence and Space Technologies Ltd (NSE: PARAS) is engaged in designing, manufacturing and testing defence and space engineering products across optics, electronics and heavy engineering.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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