CALCULATE YOUR SIP RETURNS

BEL Bags New Orders Worth ₹531 Crores

Written by: Team Angel OneUpdated on: Jan 29, 2025, 2:36 PM IST
BEL has secured additional orders of ₹531 Crores, bringing its total order value for the year to ₹10,893 Crores.
BEL Bags New Orders Worth ₹531 Crores
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

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.

Secured new orders 

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.

Total Orders Reach ₹10,893 Crores

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.

Government Support Drives BEL’s Growth and Market Confidence

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.

About BEL 

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.

BEL Share Performance 

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.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 29, 2025, 2:36 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

Know More

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Join our 2.5 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 2.5 Cr+ happy customers