BEL wins orders worth Rs. 4300 crore from Indian Army and Indian Navy

The Ministry of Defence (MoD), Govt of India, has signed a contract worth Rs. 3000 Crore with Bharat Electronics Ltd (BEL) for supply of Integrated Electronic Warfare Systems for the Indian Army.

The Integrated Electronic Warfare Systems for Indian Army are state-of-the-art with cutting-edge technologies, indigenously developed and manufactured by BEL based on Defence Electronics Research Laboratory (DLRL), DRDO design. These integrated systems will be a real force multiplier and will further enhance the electronic warfare capability of the Indian Army in leaps and bounds.

Further, BEL has also received several contracts totaling to Rs 1300 Crores (approx.) during last fortnight from the Indian Navy for supply of Indigenously developed Fire control, Gun fire control, Surveillance, tracking, ESM, Sonar Systems etc.

Shares of Bharat Electronics Limited was last trading in BSE at Rs. 91.42 as compared to the previous close of Rs. 92.44. The total number of shares traded during the day was 1140413 in over 7481 trades.

The stock hit an intraday high of Rs. 94.30 and intraday low of 91.02. The net turnover during the day was Rs. 105551304.00.

Source : Equity Bulls

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BharatElectronics INE263A01024 BEL Defence OrderWin IndianArmy IndianNavy