Announced Mon, 6 Jul · 11:29 IST
Raymond appoints ex-BEL CMD Bhanu Prakash Srivastava as CEO - Defence
Compliance View source PDF
RAYMOND · price
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Price reaction · full curve 14 horizons · vs prior close
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AI summary
Raymond Ltd appointed Bhanu Prakash Srivastava, former CMD of BEL (Bharat Electronics), as CEO - Defence. With about 40 years at BEL, he tripled its market cap from about Rs 51,000 crore to Rs 1.5 lakh crore, secured over Rs 55,000 crore in orders and launched 100+ products. He will lead Raymond's push into defence electronics, systems integration, aerospace and automotive technologies, building on its Maini Precision Products engineering business.
Likely market impact
Signals Raymond's serious defence push. Bhanu Prakash's strong BEL track record may lift investor confidence in the engineering and defence growth strategy.