Bharat Electronics Limited (BEL) is expanding its order book with fresh contracts valued at ₹531 Crores. The company, known for its contributions to defence and electronics, has witnessed significant growth in its order intake this financial year.
Bharat Electronics Limited, a Navratna defence PSU, has received additional orders worth ₹531 Crores. These orders include advanced systems such as composite communication systems for ships, communication equipment, medical electronics, electro-optics and radar systems for missiles. Other orders involve classroom jammers, spares and services.
With these new orders, BEL’s total order value for the current financial year has reached ₹10,893 Crores. This reflects the company’s strong position in the defence and electronics sectors, providing key products and services to meet the government’s needs.
BEL’s recent orders have played a significant role in the company’s strong financial performance, including a 34.4% increase in net profit for Q2FY25. The government’s continued backing of domestic defence manufacturing is boosting Indian companies like BEL, helping them grow their capabilities and market share. This growing support for defence production aligns with the Atma Nirbhar Bharat initiative and has positively impacted the stock prices and market capitalisation of defence companies, reflecting strong investor confidence in the sector.
Bharat Electronics Limited, based in Bangalore, is a public sector company that designs and manufactures electronic products for the Indian government. It produces defence electronics, space technology, medical devices and cybersecurity products. Founded in 1954, BEL is a Navratna PSU under the Ministry of Defence.
As of January 29, 2025, at 12:40 PM, shares of BEL are trading at ₹266.40 per share, reflecting a surge of 3.16% from the previous day’s closing price. Over the past month, the stock has registered a decline of 6.49% and over the last year it has declined by 9.36%. The stock’s 52-week high stands at ₹340.50 per share, while its 52-week low is ₹171.75 per share.
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Published on: Jan 29, 2025, 2:36 PM IST
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