BEL Secures ₹500 Crore in New Orders

8 Oct 2024 , 11:48 AM

Bharat Electronics Ltd (BEL), a Navratna defence PSU, announced additional orders worth over ₹500 Crore as of October 7, 2024.

These new contracts include EMI (Electromagnetic Interference) shelters, annual maintenance contracts (AMC) for Integrated Air Command and Control System (IACCS) nodes, upgrades and spares for gun systems, radar spares, and communication systems.

With these latest orders, BEL’s total order book for the current financial year has reached ₹7,689 Crore. The company aims to achieve ₹25,000 Crore in total orders for FY25.

BEL has been experiencing consistent stock declines since its inclusion in the Nifty50 on September 30, with no gains in the past week. As of October 1, BEL’s stock is 15% lower than its recent peak of ₹340.

In a recent update on September 11, BEL had secured ₹1,155 Crore worth of orders, bringing the total order inflow for FY25 to ₹7,075 Crore at that time.

At the time of writing, shares of Bharat Electronics Ltd (BEL) is trading at ₹277 which is a 3.61% gain than the previous close. Bharat Electronics Ltd (BEL) stock has gained a total of 104% in the last one year, and almost 49% since the beginning of the year.