BEL receives orders worth Rs 4878 crores

Bharat Electronics Limited (BEL) received an order of Rs 4522 Crore from Indian Army for the supply of Fuses for various calibres. This contract has been signed on 15th Dec 2023 by Maj Gen Gurpreet Singh Choudhry, SM, VSM [JS (Army & TA)/DMA] & Shri Bhanu Prakash Srivastava CMD, BEL in the presence of Vice Admiral Atul Anand, AVSM, VSM, Additional Secretary (DMA). Indigenisation of Critical Technologies was the key requirement of tender.

This project will have participation of Indian Electronics and associated Industries, including MSMEs which are sub-vendors of BEL. The equipment(s) manufactured by BEL are part of Atmanirbhar Bharat' program.

The company has also received additional orders worth Rs 356 Crores since the last disclosure on 6th Dec 2023 and the said orders pertain to other products like EW (Electronic Warfare) Testers, Medical Systems (Exports), Consumables and Batteries for Electronic Voting Machines (EVMs), Night Vision Devices Spares and Services.

With the above, BEL has cumulatively received orders worth Rs. 23176 Crores (excl. taxes) in the current financial year 2023-24.

Source : Equity Bulls

Keywords

BharatElectronics BEL OrderWin IndianArmy