State-owned Bharat Electronics Ltd announced on 28 January that they had secured new orders worth Rs 531 crore since the company’s last filing on 13 January this year.
BEL announced that its significant orders since 13 January include an advanced composite communication system for ships, communication equipment, medical electronics, electro-optics, active radar homing heads for missiles, classroom jammers, spares, and related services.
With these new orders, BEL’s total order intake for the current financial year has reached Rs 10,893 crore, which is less than 50% of its full-year target.
The PSU, which was recently added to the Nifty 50 index, has set an order inflow target of Rs 25,000 crore for this financial year.
BEL is a diverse, multi-technology organization specializing in the design, manufacturing, and supply of products and systems across various domains, including radars, missile systems, military communications, naval systems, electronic warfare and avionics, electro-optics, tank electronics, gun system upgrades, and electronic fuzes within the defence sector.
As of 31 September 2024, the Government of India held a 51.14% stake in the company.
Tired of guessing stocks to trade in daily?
Unicorn Signals empowers you with powerful tools like daily stock scans for Intraday, Swing & Investing, Market Predictions and much more. Download the Unicorn Signals app today and take control of your investments!