BEL receives orders worth Rs. 1940.35 Cr

Navaratna DPSU Bharat Electronics Limited (BEL) has today entered into a contract valued at Rs.847.70 Cr plus taxes with Larsen & Toubro Limited (L&T) for the supply of 14 cutting-edge Communication and Electronic Warfare (EW) sensors and systems. These state-of-the-art systems, manufactured domestically by BEL, will be installed on three Cadet Training Ships for the Indian Navy. This collaboration between BEL and L&T exemplifies the strong partnership between the two companies and underscores the broader co-operation within the Indian Industry. The successful execution of this contract will involve the participation of numerous Micro, Small and Medium Enterprises (MSMEs) and represents a significant stride towards achieving the vision of Atmanirbhar Bharat.

Additionally, BEL has secured other orders valued at Rs. 1,092.65 Cr following the last disclosure on 13th February 2024. These orders encompass the supply of LRUs for T-70 & T-90 Tanks, Communication Systems for the Indian Navy, as well as other Spares and Services. With these recent developments, BEL has now accumulated orders totalling Rs.32,716.33 Cr in the current financial year, highlighting the company's continued growth and success in the defence sector.

Shares of Bharat Electronics Limited was last trading in BSE at Rs. 195.80 as compared to the previous close of Rs. 190.00. The total number of shares traded during the day was 1007214 in over 11821 trades.

The stock hit an intraday high of Rs. 197.00 and intraday low of 186.45. The net turnover during the day was Rs. 194374185.00.

Source : Equity Bulls

Keywords

BharatElectronics INE263A01024 BEL Defence OrderWin LarsenandToubro ElectronicWarfare Sensors Systems