Bharat Electronics signs contract worth Rs1,075cr with MoD for retro-modification of Commander Sight for T-90 Tanks; Stock soars over 2%

28 Feb 2022 , 11:25 AM

Bharat Electronics and Ministry of Defence (MoD), Government of India signed a contract for the retro-modification of Commander Sight of Battle Tanks-T90 for the Indian Army. The retro-modification will be carried out in 957 tanks.

The contract is valued at Rs1,075 crore.

The successful indigenous development of Thermal Imager-based Commander Sight, jointly by IRDE, DRDO and BEL, with improved performance than its predecessor provides a further boost to the ‘ Make in India’ initiative of the Government of India.

This will provide a fillip to indigenous defence manufacturing and open avenues for the export of such advanced technology.

At around 11.23 am, Bharat Electronics was trading at Rs204.80 per piece up by 2.4% on BSE. The stock has touched an intraday high and low of Rs205.35 per piece and Rs196.45 per piece respectively.