Mumbai, April 2 -- MicroCon specializes in the design, development, production, and marketing of ISR (intelligence, surveillance, and reconnaissance) payloads and EO/IR (electro-optical/infra-red) seekers for drones and unmanned aerial vehicles (UAVs). Under this agreement, Paras Defence and MicroCon will exclusively collaborate in India on the development of Micro ISR payloads.

Paras Defence and Space Technologies offers high-precision products and turnkey solutions to the defense and space sector, operating in three main verticals: defense and space optics, defense electronics solutions, and heavy engineering. As of 31 December 2024, the Government of India held 57.05% in the company.

The company had reported a consolidated net profit...