Bharat Electronics receives Orders worth Rs. 5900 Crore

Bharat Electronics Limited has received Orders worth Rs. 5900 Crore as of today in the financial year 2023-24.

BEL received order for 2 Regiments of Improved Akash Weapon System (AWS) with upgrades from BDL for a value of Rs. 3914 Crore.

Akash is an all-weather, point/area air-defence weapon system intended for defending vulnerable points/areas against threats emanating from low, medium and high altitudes. The system uses high mobility vehicles for mobile application.

The improvements incorporated include high altitude operation, simultaneous engagement of multiple threats over 360 degrees, missiles fitted with RF Seeker and reduced foot print.

Other significant orders received inter-alia include orders for Shakti EW & Sanket MK III (Naval Systems), GBMES & GBVU Com Jammer systems, MKBT systems, IFF-MKXII Crypto Modules & Up gradation of SDP & Display of Rohini Radar, Training system for CMS P15B & CAMC of CMS for P 28 etc.

Shares of Bharat Electronics Limited was last trading in BSE at Rs. 125.20 as compared to the previous close of Rs. 124.80. The total number of shares traded during the day was 475064 in over 5113 trades.

The stock hit an intraday high of Rs. 126.55 and intraday low of 123.95. The net turnover during the day was Rs. 59418058.00.

Source : Equity Bulls

Keywords

BharatElectronics INE263A01024 BEL Defence OrderWin