IUAC is an autonomous institute under the University Grants Commission and the Ministry of Education, Government of India, and operates in the field of particle accelerator-based research and development.
“We are pleased to inform that Paras Defence and Space Technologies Limited (“PARAS”) has signed a Memorandum of Understanding (MoU) with Inter University Accelerator Centre (IUAC), New Delhi. Inter University Accelerator Centre (“IUAC”), New Delhi is an autonomous Institute under the University Grants Commission (UGC), Ministry of Education (MoE), Government of India (GOI), and carries out particle accelerator-based basic research and development,” the company informed via a filing to the stock exchanges.
Under the MoU, Paras Defence and IUAC will collaborate to develop a commercial-grade MRI magnet system for indigenous manufacturing in India. The partnership aims to advance superconducting MRI magnet technology in the country and support efforts toward self-reliance under the Aatma Nirbhar Bharat vision.
Paras Defence share price history
Over the past year, Paras Defence stock has gained 45.10%, marking a strong performance. So far this year, it remains firmly in positive territory with a 40.79% rise.However, shorter time frames show mixed movement. The stock is down 13.47% over six months, up 3.55% over three months, and has slipped 2.34% in the most recent one-month period, reflecting some near-term volatility after an otherwise solid long-term run.Also read: Ashish Kacholia, Anil Goel, Mukul Agrawal & Ashish Dhawan lose big as portfolios crash up to 29%
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