BEL receives Rs. 1251 Crore order for supply of Ground Based Mobile ELINT System to Indian Army

Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL) has signed a contract with Ministry of Defence valued at Rs. 1251 Crore (excluding taxes) for supply of Ground Based Mobile ELINT System (GBMES) to Indian Army. The GBMES is a totally indigenous, state of the art system designed and developed by DLRL Hyderabad and manufactured by BEL.

The networked intelligence system is capable of detecting, classifying & locating all types of radars. The system also intercepts and analyzes all communication signals. The GBMES system enhances the situational awareness and Air Defence capabilities of the country.

Shares of Bharat Electronics Limited was last trading in BSE at Rs. 433.70 as compared to the previous close of Rs. 433.60. The total number of shares traded during the day was 743864 in over 17193 trades.

The stock hit an intraday high of Rs. 436.45 and intraday low of 429.30. The net turnover during the day was Rs. 321818353.00.

Source : Equity Bulls

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BharatElectronics INE263A01024 BEL Defence OrderWin IndianArmy