Last Updated:
BEL shares rose 2.66% after securing a Rs 2,463 crore order from the Indian Air Force for Ashwini Radars, developed with DRDO. BEL’s market cap is Rs 2.07 lakh crore.
Bharat Electronics announces 150% interim dividend for FY2024-25.
BEL Share Price: Bharat Electronics Limited (BEL) shares are up 2.66 per cent during the intraday on Thursday following the mega order announcement of Rs 2,463 crore from Indian Air Force. Around 10:00 AM, the scrip was trading at Rs 284.10 apiece on BSE with a gain of 2.66 per cent, against the previous day close at Rs 276.75 apiece.
In the filing on March 12, BEL announced signing a contract with Ministry of Defence valued at Rs.2,463 crore for supply and services of Ashwini Radars. In the current financial year, BEL has now accumulated orders worth Rs 17,030 with the new order.
“These fully indigenous AESA radars developed jointly by DRDO and BEL have integrated IFF with electronic scanning in azimuth and elevation and are capable of 4D surveillance. These mobile radars with advanced ECCM features are deployable on all terrains and can automatically detect and track aerial targets ranging from fighter aircrafts to slow moving targets,” BEL said in the filing.
BEL is a Navratna PSU under the Ministry of Defence. It manufactures state-of-the-art electronic products and systems for the Army, Navy and the Air Force. The current market cap of BEL stands at Rs 2.07 lakh crore and is part of BSE 100.
More updates shortly…
