Bharat Electronics Limited has informed the Exchange about Awarding of order(s)/contract(s)
BEL · price
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Awaiting price reaction for this filing.
Bharat Electronics Limited (BEL) has signed a contract worth Rs. 1,640 Crore (excluding taxes) with the Ministry of Defence to supply Air Defence Fire Control Radars (Atulya) to the Indian Army. These indigenous radars have been designed by DRDO and will be manufactured by BEL, featuring built-in electronic countermeasures for surveillance and tracking of air targets. The radars are capable of operating day and night in all weather conditions and controlling air defence guns. BEL is a Navratna Defence Public Sector Undertaking, and this order strengthens its order book in the defence segment.
This is a significant order for BEL, adding Rs. 1,640 Crore to its order book and reinforcing its position as a key supplier to the Indian defence forces. Positive for the stock as it supports revenue visibility over the medium term.