MoD signs contract worth Rs. 1,075 Crs with BEL for retro-modification of Commander Sight for T-90 Tanks

The Ministry of Defence (MoD), Government of India, and Navratna Defence PSU Bharat Electronics Limited (BEL) on February 24, 2022, signed a contract for the retro-modification of Commander Sight of Battle Tanks-T90 for the Indian Army. The retro-modification will be carried out in 957 tanks. The total value of the contract is Rs. 1,075 Crs (including all taxes and duties.)

The successful indigenous development of Thermal Imager-based Commander Sight, jointly by IRDE, DRDO and BEL, with improved performance than its predecessor provides a further boost to the 'Make in India' initiative of the Government of India. This will provide a fillip to indigenous defence manufacturing and open avenues for export of such advanced technology.

Shares of Bharat Electronics Limited was last trading in BSE at Rs. 200.05 as compared to the previous close of Rs. 187.75. The total number of shares traded during the day was 410544 in over 4249 trades.

The stock hit an intraday high of Rs. 201.05 and intraday low of 192.10. The net turnover during the day was Rs. 81429975.00.

Source : Equity Bulls

Keywords

BharatElectronics INE263A01024 BEL Defence OrderWin MinistryofDefence CommanderSight T90Tanks