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Paras Defence and Space Technologies Ltd. has partnered with Inter-University Accelerator Centre (IUAC) to develop commercial MRI magnet systems in India, supporting the Aatmanirbhar Bharat initiative. The company also announced strong Q2 results, with net profit increasing by 50% year-on-year to ₹21 crore and revenue growing 21.8% to ₹106 crore, driven by robust performance in its core divisions.