Bharat Electronics gets another Rs 3,000 crore order

27 Mar 2023 , 10:32 AM

Bharat Electronics Limited (BEL) has recently secured orders worth Rs 4,300 crore from the Indian Army and Indian Navy. 

According to a regulatory filing made by Bharat Electronics Limited (BEL) after the close of trading hours on Thursday, the company said that “the Ministry of Defence (MoD), Government of India, has awarded the company a contract worth Rs 3,000 crore for the supply of ‘integrated electronic warfare systems’ to the Indian Army.”

BEL said that the ‘integrated electronic warfare systems’ it will be supplying to the Indian Army under the new contract are equipped with state-of-the-art, cutting-edge technologies. These systems have been indigenously designed and manufactured by BEL, based on research conducted at the Defence Electronics Research Laboratory (DLRL) of the Defence Research and Development Organisation (DRDO).

BEL has also secured several contracts worth a total of around Rs 1,300 crore from the Indian Navy over the past two weeks. These contracts cover the supply of a range of indigenously developed systems, including fire control systems, gun fire control systems, surveillance systems, tracking systems, Electronic Support Measures (ESM), sonar systems, and more.

Following this development, Bharat Electronics was trading at Rs92.65, 1.20% higher against the previous close of Rs91.55 on NSE. The counter opened at Rs93.10.

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