Stock Report

HAL & BEL Sign Contract for Indigenous IRST



Posted On : 2022-04-26 15:04:59( TIMEZONE : IST )

HAL & BEL Sign Contract for Indigenous IRST

HAL and BEL signed a contract for co-development and co-production of Long Range Dual Band Infra-Red Search and Track System (IRST) for Su-30 MKI here today under the MAKE-II procedure of Defence Acquisition Procedure (DAP) 2020, as part of the 'Make in India' initiative.

The proposed IRST system will be a high end strategic technology product in the field of defence avionics and technically competitive to existing IRST system in the global market with features of Television Day Camera, Infrared & LASER sensors in single window for air to air and air to ground target tracking and localization. The system will enhance the Indian Air Force's air superiority.

Mr Suneel Kumar Srivastava, GM, HAL (Korwa) and Mr. Loyola Pedro Vianney G., GM, BEL (Chennai) signed the contract. Mr. Arup Chatterjee, Director, Engineering and R&D (HAL) and Mr M V Rajasekhar, Director, R&D (BEL) were present on the occasion.

The joining hands of two defence PSUs for development of technologically critical IRST gives impetus to "Atmanirbhar Bharat" in the defence sector. This initiative also opens the future path in the field of indigenous defence manufacturing for development of high end strategic technology product of IRST for various platforms in global competitive environment.

Shares of Bharat Electronics Limited was last trading in BSE at Rs. 245.85 as compared to the previous close of Rs. 251.55. The total number of shares traded during the day was 236575 in over 3491 trades.

The stock hit an intraday high of Rs. 250.80 and intraday low of 242.85. The net turnover during the day was Rs. 58126898.00.

Shares of Hindustan Aeronautics Limited was last trading in BSE at Rs. 1632.75 as compared to the previous close of Rs. 1678.25. The total number of shares traded during the day was 63883 in over 2605 trades.

The stock hit an intraday high of Rs. 1675.00 and intraday low of 1599.00. The net turnover during the day was Rs. 104051717.00.

Source : Equity Bulls

Keywords

BharatElectronics INE263A01024 BEL HindustanAeronautics INE066F01012 HAL IRST DefenceAcquisitionProcedure MakeinIndia AtmanirbharBharat