Bharat Electronics Receives Orders Worth ₹2,463 Crore for Ashwini Radars from the Indian Air Force

On Wednesday, March 12, Bharat Electronics received a contract worth ₹2,463 crore from the Ministry of Defence. With this deal, the total order inflow for FY 2024-25 for BEL has reached ₹17,030 crore. The new radars will have integrated Identification Friend or Foe (IFF) systems with electronic scanning capabilities, that enable 4D surveillance.

Moreover, these mobile radars are equipped with superior Electronic Counter-Countermeasures (ECCM) capabilities. They can be deployed across various geographies to automatically identify and track aerial objects, including slow-moving targets and fighter jets.

Previous Orders Secured by Bharat Electronics

On March 10, 2025, BEL had secured orders worth ₹843 crore from the Indian government for supplying RF seekers, upgraded radars, electro-optic repair facilities, and vessel and air traffic management systems, among others. The new development has further reinforced BEL’s position as an important defence supplier.

Landscape of Defence Manufacturing in India

As per the Global Power Index, India’s defence industry ranks fourth worldwide in terms of firepower. The country is one of the world’s largest defence spenders with a total expenditure nearly ₹6.21 lakh crore. This accounts for roughly 13.04% of its overall budget and indicates an increase of nearly 4.72% over the FY 2023-24 Budget.

In 2022, India recorded a 6% year-on-year growth in defence spending, which reached US$ 81.4 billion. In FY 2023-24, total defence production was estimated at ₹1,27,265 crore. Based on industry reports, public sector companies accounted for nearly ₹74,434 crore of output. 

In the coming years, India aims to export nearly ₹35,000 crore worth of military hardware. In FY 2023-24, the company witnessed a 32% year-on-year increase in defence exports, which amounted to ₹21,083 crores. India’s overall defence exports have increased by 240% in the past few years. It exports its products to nearly 85 countries. 

Conclusion

BEL’s major contract win, within the landscape of India’s burgeoning defence spending and manufacturing prowess, underlines its push for self-reliance. With rising defence budgets and defence export targets, organisations like BEL are expected to favourably shape India’s position in the international defence landscape.

Bharat Electronics share price opened at ₹278.78. It reached an all-day high of ₹280.40 and an all-day low of ₹274.12 on the BSE. 

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