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BEL shares are in focus after securing a Rs 2,210 crore order for an Electronic Warfare suite from the Indian Air Force, enhancing helicopter combat survivability.
Bharat Electronics shares are in focus today
BEL Share Price: Bharat Electronics Limited (BEL) shares are in focus today, i.e. Tuesday 08 after securing an order of Rs 2,210 crore for Electronic Warfare (EW) suite from Indian Air Force.
“Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL) has signed a contract with Ministry of Defence valued at Rs.2,210 Crores (excluding taxes) for supply of EW Suite for Mi 17 V5 Helicopters of Indian Air Force. These systems are indigenously designed and developed by CASDIC, DRDO and manufactured by BEL. The EW Suite comprises Radar Warning Receiver (RWR), Missile Approach Warning System (MAWS) and Counter Measure Dispensing System (CMDS) which significantly enhance the combat survivability of the helicopters along with effective counter measures,” the company informed in a filing dated April 07.
Yesterday, the scrip settled 2.48 per cent lower at Rs 273.15 apiece, against the previous day close at Rs 280.10 apiece.
More updates shortly…
