Paras Defence and Space Technologies Limited has been awarded a major contract by Council of Scientific and Industrial Research (CSIR) – National Aerospace Laboratories (NAL) for Avionics Suite for SARAS MK-2 Aircraft.
The SARAS MK-2 Aircraft is the first Indian multi-purpose civilian aircraft in the light transport aircraft category being designed by the CSIR-NAL.
The plane will be powered by two Pratt and Whitney turbo-prop engines.
The aircraft will be operable from semi-prepared runways, hot and high altitude airfields and is designed to meet FAR-23 requirements.
The contract won by Paras Defence, valued at approximately 64 crore, was awarded on 18th March 2023, and deliveries are scheduled to be made in Financial Year 2023-24.