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BEL signs contract worth Rs. 3102 crore with MoD
Posted On : 2022-03-30 11:13:32( TIMEZONE : IST )
Ministry of Defence and M/s Bharat Electronics Limited, Hyderabad sign Contract worth Rs.1109 Crore for Instrumented Electronic Warfare Range ('EWR'), and Ministry of Defence and M/s Bharat Electronics Limited, Bengaluru sign Contract worth Rs.1,993 Crore for Procurement of Advanced Electronic Warfare suite for Fighter
Aircraft.
The Ministry of Defence (MoD), Government of India, and Navratna Defence PSU Bharat Electronics Limited (BEL), Hyderabad signed a Contract for Instrumented Electronic Warfare Range (IEWR) for the Indian Air Force on Tuesday, 29th March, 2022. The contract is a significant step towards enhancing the capabilities of IAF to prepare for future warfare. The overall cost of the contract is estimated to be Rs. 1109 Crore.
The IEWR will be used to test and evaluate airborne Electronic Warfare (EW) equipment and validate their deployment in an Operational Scenario. The Project essentially embodies the spirit of Atmanirbhar Bharat and will help facilitate realising the journey towards self-reliance.
The Ministry of Defence (MoD), Government of India, and Navratna Defence PSU Bharat Electronics Limited (BEL) concluded a Contract for supply of Advanced Electronic Warfare (EW) suite for Fighter aircraft of Indian Air Force. The contract was signed between MoD and M/s BEL on Tuesday, 29th March, 2022 in New Delhi. The overall cost of the contract is estimated to be Rs. 1993 Crore.
The supply of advanced EW systems will significantly enhance the battle-survivability of IAF fighter aircraft while undertaking operational missions against adversaries ground-based as well as airborne fire control and surveillance radars. The EW suite has been indigenously designed & developed by Defence Research and Development Organisation (DRDO). The Project essentially embodies the spirit of Atmanirbhar Bharat and will help facilitate realising the journey towards self-reliance.
Shares of Bharat Electronics Limited was last trading in BSE at Rs. 207.30 as compared to the previous close of Rs. 205.05. The total number of shares traded during the day was 185176 in over 3060 trades.
The stock hit an intraday high of Rs. 208.50 and intraday low of 205.50. The net turnover during the day was Rs. 38406784.00.
