Shares of Bharat Electronics Ltd were trading in the green and 2% higher on Thursday, 3 April, after the company announced signing a contract with the India Air Force.
In its regulatory filing, the company said that it had signed a contract worth Rs 593.22 crore with the Indian Air Force for providing maintenance services for the Akash Missile System that was supplied by the company.
The company has also completed negotiations with customers to acquire orders worth Rs 5,000 crore.
As of 1 January 2025, the company’s order books stood at Rs 71,100 crore.
The company is in the final stages of securing contracts for key projects, including the Ashwini Radar, Electronic Warfare system for MI-17, HimShakti Phase 4, and QRSAM. The QRSAM deal, valued between Rs 25,000-30,000 crore, is expected to be finalized within the next 6-8 months. Additionally, orders for MRSAM and MFSTAR, worth Rs 14,000-15,000 crore, are anticipated in the upcoming fiscal year.
Bharat Electronics Limited (BEL) specializes in developing and supplying electronic equipment and systems for both defence and non-defence sectors. Its defence portfolio includes navigation systems, communication systems, land-based radars, naval systems, and electronic warfare solutions, among other advanced technologies.
At 12:45 pm, the shares of Bharat Electronics were trading 1.40% higher at Rs 286.35 on NSE.
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