Paras Defence Signs MoU with IUAC for MRI Magnet Development
Filing Summary
Paras Defence and Space Technologies Ltd has signed a Memorandum of Understanding with the Inter-University Accelerator Centre, New Delhi. The agreement focuses on developing a commercial-grade MRI magnet system for indigenous manufacturing in India. This collaboration aligns with the Aatma Nirbhar Bharat initiative, aiming to enhance self-reliance in superconducting MRI magnet technology. The IUAC operates under the University Grants Commission, Ministry of Education, Government of India. The announcement was made on November 24, 2025, under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements.
On November 24, 2025, Paras Defence and Space Technologies Ltd announced the signing of a Memorandum of Understanding with the Inter-University Accelerator Centre (IUAC), New Delhi. This agreement is made under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements.
The collaboration between Paras Defence and IUAC aims to develop a commercial-grade MRI magnet system for indigenous manufacturing in India. This initiative supports the Aatma Nirbhar Bharat mission, focusing on self-reliance in superconducting MRI magnet technology.
The Inter-University Accelerator Centre is an autonomous institute under the University Grants Commission, Ministry of Education, Government of India. It specializes in particle accelerator-based basic research and development.
Paras Defence and Space Technologies Ltd is engaged in the design, development, and manufacturing of defense and space engineering products. The company focuses on enhancing its technological capabilities and expanding its product offerings in the defense and space sectors.