BEL receives orders worth Rs.678 Crore

Navratna DPSU Bharat Electronics Limited (BEL) has signed a contract for a value of Rs.445 Cr with the UP Government on 23 Dec 2023 for next generation UP Dial 112 project. BEL will be providing comprehensive and state-of-art hardware, AI based software tools and Cyber Security solutions for the Dial 112 project, which is spread across the entire state of Uttar Pradesh. BEL is happy to be associated with the UP Government for this project, which is one of Asia's biggest emergency response system. BEL will be utilizing the ecosystem of domestic suppliers, including MSME,s for execution of this project.

The company has also received additional orders worth Rs.233 Cr since the last disclosure on 22nd Dec 2023 and these orders pertain to Communication Display Units, Thermal Imaging cameras and other miscellaneous spares & services.

With the above, BEL has cumulatively received orders worth Rs.26,613 Cr in the current financial year 2023-24.

Shares of Bharat Electronics Limited was last trading in BSE at Rs. 174.85 as compared to the previous close of Rs. 170.60. The total number of shares traded during the day was 739853 in over 7141 trades.

The stock hit an intraday high of Rs. 175.20 and intraday low of 169.45. The net turnover during the day was Rs. 127666010.00.

Source : Equity Bulls

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