Bharat Electronics Limited has signed the contract with Ministry of Defence, Govt. of India on 13th September, 2019 for procurement of Seven Squadrons of Akash Missile System for Indian Air Force. This is a turnkey contract with specialist infrastructure. The total value of the contract is Rs.5357.00 Crores (Rupees five thousand three hundred and fifty-seven crores only) and the delivery will be completed in 3(three) years. These systems will be commissioned at seven Air Force locations spread across Pan India.
Shares of BHARAT ELECTRONICS LTD. was last trading in BSE at Rs.108.5 as compared to the previous close of Rs. 108. The total number of shares traded during the day was 774854 in over 2565 trades.
The stock hit an intraday high of Rs. 109.4 and intraday low of 105.5. The net turnover during the day was Rs. 83395145.