Bharat Electronics Ltd clarifies on order from Indian Army

The Exchange had sought clarification from Bharat Electronics Ltd with respect to news article appearing in Business Line on July 17, 2015 titled "Indian Army shortlists BEL and Punj Lloyd for $100 million air defence guns upgrade".

Bharat Electronics Ltd has replied stating that "We (BEL) are one of the vendors shortlisted after technical evaluation for the said contract. The commercial bids are not yet opened. Hence, we cannot comment on the value of the contract and also to whom it will be awarded."

Shares of BHARAT ELECTRONICS LTD. was last trading in BSE at Rs.3645.5 as compared to the previous close of Rs. 3652.45. The total number of shares traded during the day was 31361 in over 4066 trades.

The stock hit an intraday high of Rs. 3719.4 and intraday low of 3636.1. The net turnover during the day was Rs. 115415701.

Source : Equity Bulls

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