Bharat Electronics receives Orders worth Rs. 5900 Cr

Bharat Electronics has bagged orders worth around Rs 5900 crore as of June 20, 2023, in the financial year 2023-24. The company has received orders for 2 Regiments of Improved Akash Weapon System (AWS) with upgrades from BDL for a value of Rs 3914 crore. Akash is an all-weather, point/area air-defence weapon system intended for defending vulnerable points/areas against threats emanating from low, medium and high altitudes. The system uses high-mobility vehicles for mobile applications. 

The company has secured other significant orders valued at Rs 1984 crore for Shakti EW & Sanket MK III (Naval Systems), GBMES & GBVU Com Jammer systems, MKBT systems, IFF-MKXII Crypto Modules & Up gradation of SDP & Display of Rohini Radar, Training system for CMS P15B & CAMC of CMS for P 28 etc. 

Earlier the company informed that the Ministry of Defence (MoD) has signed two contracts worth Rs 2,696 crore with Bharat Electronics Limited, Bangalore to bolster the defence capabilities of the country. 

BEL is a multi-product, multi-technology, multi-unit conglomerate with various products in the areas of military communication, radars, naval systems, C4I systems, weapon systems, homeland security, telecom & broadcast systems, electronic warfare, tank electronics, electro-optics, professional electronic components and solar photovoltaic systems. 

BEL was established in 1954 in association with CSF, France (now, Thales), to meet the specialized electronic equipment requirements of the Indian Defence Services. BEL is an Indian state-owned aerospace and defence company with about nine factories and several regional offices in India.   

Today, the stock opened at Rs 126 and made a high and low of Rs 126.30 and Rs 121.75 respectively. The stock closed at Rs 122.80, up by 1.92%. The stock has a 52-week high of Rs 127.40 and a 52-week low of 74.68.