BEL signs Rs. 250 Cr contract with MoD, GoI, for supply of Integrated Anti-Submarine Warfare systems

Navratna Defence PSU Bharat Electronics Limited (BEL) has signed a contract with the Ministry of Defence, Government of India, worth around Rs. 250 crores, towards supply of nine Integrated ASW Complex (IAC) MOD 'C' Systems. IAC MOD 'C' is an Integrated Anti-Submarine Warfare (ASW) system for all surface ships of the Indian Navy.

IAC MOD 'C' computes Fire Control Solutions and facilitates firing of ASW weapons such as Torpedoes and Rockets. The fire control system can be customised to meet the requirements of any platform of interest - from small ships to large ships configuration. In addition, the system facilitates counter measure capability for incoming torpedoes through decoy launching system. IAC MOD C has been indigenously developed by BEL in association with DRDO, in accordance with the Hon'ble Prime Minister, Shri Narendra Modi's vision of an 'Atmanirbhar Bharat', a selfreliant nation.

Shares of Bharat Electronics Limited was last trading in BSE at Rs. 266.80 as compared to the previous close of Rs. 268.85. The total number of shares traded during the day was 323130 in over 5713 trades.

The stock hit an intraday high of Rs. 270.00 and intraday low of 265.35. The net turnover during the day was Rs. 86357391.00.

Source : Equity Bulls

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BharatElectronics INE263A01024 BEL Defence OrderWin