Bharat Electronics receives orders woth Rs.2282.06 Crs

Navaratna DPSU Bharat Electronics Limited (BEL) has signed a contract for a value of Rs.2,167.47 Crs plus taxes with Indian Navy on 13th Feb 2024 for the supply of state of the art indigenously designed and developed EW suite for use on-board warship. This EW suite is a big leap towards the Aatmanirbhar Bharat initiative of BEL.

The company has also received additional orders worth Rs. 114.59 Crs since the last disclosure on 301h January 2024 and these orders pertain to the supply of SDRs, HD VLF receivers, EVMs etc.

With the above, BEL has received cumulative orders of Rs.30,776.06 Crs in the current financial year.

Shares of Bharat Electronics Limited was last trading in BSE at Rs. 176.45 as compared to the previous close of Rs. 174.60. The total number of shares traded during the day was 568147 in over 6076 trades.

The stock hit an intraday high of Rs. 177.00 and intraday low of 171.70. The net turnover during the day was Rs. 99400530.00.

Source : Equity Bulls

Keywords

BharatElectronics INE263A01024 BEL Defence OrderWin IndianNavy