MoD Signs Contracts with BEL and Indian Air Force

The Ministry of Defence (MoD) has signed two contracts worth of Rs. 3800 Crs with Bharat Electronics Ltd (BEL) a DPSU for supply of Medium Power Radar and Digital Radar Warning Receiver (RWR) for Indian Air Force.

The Medium Power Radar (Arudhara) for Indian Air Force is the state-of-the-art 4D Surveillance Radar equipped with Active Aperture Phased Array Radar technologies based on Solid State TR Module Transmission. The Radar is indigenously developed and being manufactured by BEL based on Electronics and Radar Development Establishment (LDRE) - DRDO design. The above system will further enhance the surveillance capability of Indian Air Force with the state-of-the-art Modern Radar Technologies including best in class ECCM capabilities.

The Digital Radar Warning Receiver (RWR) for Fighter Aircraft of Indian Air Force has been indigenously designed & developed by Combat Aircraft Systems Development & Integration Centre (CASDIC), DRDO. The supply of advanced EW Systems will significantly enhance the battle-suitability of IAF fighter aircraft while undertaking operational missions against adversaries.

These are flagship projects showcasing the indigenous design and manufacturing capabilities of Indian Defence industry led by BEL, involving other Public Sectors, Private Sectors and MSMEs. These projects will add another milestone to the 'Atmanirbhar Bharat Abhiyaan' and 'Make in India' initiative of the Government of India.

Shares of Bharat Electronics Limited was last trading in BSE at Rs. 92.44 as compared to the previous close of Rs. 92.62. The total number of shares traded during the day was 331542 in over 2221 trades.

The stock hit an intraday high of Rs. 92.80 and intraday low of 90.90. The net turnover during the day was Rs. 30440524.00.

Source : Equity Bulls

Keywords

BharatElectronics INE263A01024 BEL Defence OrderWin MediumPowerRadar DigitalRadarWarningReceiver IAF