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BEL Shares in Focus; Secures ₹962 Cr Orders, Including EOFCS Order for Indian Navy

Written by: Neha DubeyUpdated on: Feb 10, 2025, 9:36 PM IST
Bharat Electronics shares remained in focus as it secured ₹962 crore in orders, including a ₹610 crore deal for EOFCS for the Indian Navy.
BEL Shares in Focus; Secures ₹962 Cr Orders, Including EOFCS Order for Indian Navy
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Bharat Electronics (NSE: BEL) has secured ₹962 crore in orders, including a ₹610 crore deal for indigenously developed EOFCS for the Indian Navy. The company’s total order book for FY 2025 now stands at ₹11,855 crore, the company said in a press release on the exchanges.

Order Details

Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL), has signed a contract valued at ₹610 crore for the supply of Electro Optic Fire Control System (EOFCS) for the Indian Navy.

This fully indigenously developed system will be installed and integrated on Indian Naval platforms. The EOFCS is designed for panoramic/sector search, tracking various targets in both day and night conditions, and engaging those targets with medium and short-range gun mounts.

This contract further enhances India’s defense capabilities by using advanced, homegrown technology.

Additional Order Details and Order Book Value

In addition to this landmark deal, BEL has secured additional orders valued at ₹352 crore, including technologies such as anti-drone systems, fuzes, integrated fire detection and suppression systems, and vessel communication systems.

These orders are essential for maintaining and enhancing India’s defense infrastructure, providing integrated solutions across various defense sectors.

With the new orders, BEL’s total order value for the current financial year has now reached ₹11,855 crore, further solidifying its position as a key player in India’s defense sector. These contracts also highlight the growing role of indigenously developed systems in modernizing defense infrastructure.

Share Price performance

Bharat Electronics Limited (BEL) shares are trading at ₹279.25 at 10:15 AM on the NSE, reflecting a 0.79% increase from the previous close of ₹277.05. The stock has seen a high of ₹282.20 and a low of ₹276.30 during the current trading session. With the opening price at ₹278.90.

Bharat Electronics Limited (BEL) shares have seen a decline for the third consecutive session today, continuing the downward trend that has resulted in a 4% loss over the past two trading days last week.

 

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: Feb 10, 2025, 10:18 AM IST

Neha Dubey

Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.

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