BEL bags orders worth Rs 2759.15 Crs

Bharat Electronics Limited (BEL) received orders worth Rs. 2,673 Crs from Goa Shipyard Limited (Value: Rs. 1701 Crs) and Garden Reach Shipbuilders & Engineers (Value: Rs. 972 Crs) for supply of 14 types of sensors for use on Next Generation Offshore Patrol Vessels (NGOPV). This will have participation of electronics and associated industries including MSME, which are sub vendors of BEL. The Equipment manufactured by BEL are part of 'Atmanirbhar Bharat' program.

The company has also received additional orders worth Rs 86.15 Crs since the last disclosure on 15th Dec 2023 and the said orders pertain to miscellaneous Spares & Services.

With the above, BEL has bagged cumulative orders of worth Rs. 25,935.15 Crs till now in the current financial year.

Shares of Bharat Electronics Limited was last trading in BSE at Rs. 170.60 as compared to the previous close of Rs. 167.25. The total number of shares traded during the day was 2146167 in over 22881 trades.

The stock hit an intraday high of Rs. 171.85 and intraday low of 163.95. The net turnover during the day was Rs. 362341510.00.

Source : Equity Bulls

Keywords

BharatElectronics INE263A01024 BEL Defence OrderWin GoaShipyard GRSE NGOPV