iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

BEL Inks ₹847.7 Crore Deal with L&T

15 Mar 2024 , 03:01 PM

On March 14, Bharat Electronics declared in an exchange filing that company had received orders totaling ₹1,940.35 Crore. Larsen & Toubro Limited (L&T) and the Navaratna PSU have signed a ₹847.70 Crore deal for the delivery of communication and Electronic Warfare (EW) sensors and systems.

“Navaratna DPSU Bharat Electronics Limited (BEL) has today entered into a contract valued at ₹847.70 Crore plus taxes with Larsen & Toubro Limited (L&T) for the supply of 14 cutting-edge Communication and Electronic Warfare (EW) sensors and systems,” said BEL.  Three Indian Navy cadet training ships will be outfitted with these cutting edge equipment, which BEL will produce domestically.

Since February 13, the company has also obtained further orders totaling ₹1,092.65 Crore. “These orders encompass the supply of LRUs for T-70 & T-90 Tanks, Communication Systems for the Indian Navy, as well as other Spares and Services,” added BEL.

The state-owned business said in a statement that it has now received orders for ₹32,716.33 Crore for the current fiscal year.

The company’s shares saw a 4% decrease of Friday’s session.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Bharat Electronics
  • L&T
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.