8DECEMBER, 2025TATA POWER TO INVEST RS 1,572 CRORE IN BHUTAN'S DORJILUNGPARAS DEFENCE, DRDO SIGN TECH DEAL FOR T-90 NIGHT VISIONTata Power Company announced recently that it has entered into commercial agreements with Druk Green Power Corporation (DGPC) to collaboratively develop the 1,125 MW Dorjilung hydropower project in Bhutan.The company partners in the Bhutan hydropower Dorjilung project to strengthen India Bhutan energy cooperation, promoting renewable energy investment, cross border electricity trade, and clean power generation.The project will be developed under a special purpose vehicle (SPV), with a shareholding structure of 60percent owned by DGPC and 40percent owned by Tata Power. As part of the agreement, Tata Power is expected to invest 1,572 crore in phases, utilizing the equity funding structure we have agreed upon.The Dorjilung project is planned to be run-of-the-river hydropower project, comprising six generating units of capacity 187.5 MW each, located on the Kurichhu River in the Mongar district of eastern Bhutan - an area known for its hydropower potential and significant in terms of future renewable energy development for the country.With a total estimated cost of 13,100 crore, Dorjilung is expected to become the largest hydropower project in Bhutan, which is being executed under a public-private partnership model. It is also set to be one of the most significant projects between Bhutan and India in the clean energy sector.Funded by the World Bank, the project is expected to play an important role in enhancing Bhutan's hydropower capacity and strengthening regional energy cooperation.The project is scheduled to be commissioned in September 2031, supplying approximately 80percent of the generated electricity to India and furthering its renewable energy goals while also providing Bhutan a significant source of revenue and long term economic benefits. IMRParas Defence and Space Technologies has signed a licensing deal with DRDO (Defence Research and Development Organisation) within the Ministry of Defence to obtain the Driver Night Sight (DNS) System's technology from DRDO for T90 tanks.; however Paras Defence did not provide specific information on this Licensing Agreement.The company stated, "A Licensing Agreement for Transfer of Technology of Driver Night Sight (DNS) for T-90 Tank has been signed between Defence Research & Development Organisation (DRDO), Ministry of Defence, Government of India and Paras Defence and Space Technologies Limited (PARAS)".Paras Defence DRDO signs agreement for T-90 night vision tech, marking a defence tech transfer India through DRDO technology transfer to support Indian Army T-90 upgrade and strengthen night vision systems India.Earlier this month, Paras Defence also obtained a contract of 71.68 crore rupees (including GST) from the Instrumentation Research and Development Establishment (IRDE), a DRDO laboratory, for the delivery of 2 optronic periscopes intended for use on submarines. The contract will be completed by August-September 2026.For the period of Q2FY26, the corporation realised revenue from defence engineering amounting to Rs 67.28 crore which was part of total revenues of Rs 105.72 crore for that quarter. This company has observed growth in value of shares of around 42.92percent thus far in this calendar year.A one per cent increase occurred on Wednesday after the announcement of a licensing agreement was made between them and the DRDO when the price opened at Rs 717.75.The above information is providing evidence that Paras defence is becoming more established within the defence industry with the launching of a number of strategic partnerships; therefore, increasing investor confidence through overall strong financial and market results. IMRTOP STORIES· Tata Power and DGPC will jointly develop the 1,125 MW Dorjilung hydropower project in Bhutan through a 60:40 SPV· The 13,100 crore World Bank­backed project includes six 187.5 MW units, with Tata Power investing 1,572 crore· Set for 2031 commissioning, it will be Bhutan's largest PPP hydro project, supplying 80% of its power to India· Paras Defence signs DRDO licensing deal for T-90 tank Driver Night Sight· Secures Rs 71.68 crore IRDE contract for submarine optronic periscopes· In Q2FY26, Paras Defence reported defence engineering revenue of Rs 67.28 crore
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