Shares of Bharat Electronics Ltd have been buying and selling within the inexperienced and a pair of% greater on Thursday, 3 April, after the corporate introduced signing a contract with the India Air Power.
In its regulatory submitting, the corporate stated that it had signed a contract price Rs 593.22 crore with the Indian Air Power for offering upkeep providers for the Akash Missile System that was provided by the corporate.
The corporate has additionally accomplished negotiations with clients to accumulate orders price Rs 5,000 crore.
As of 1 January 2025, the corporate’s order books stood at Rs 71,100 crore.
The corporate is within the ultimate phases of securing contracts for key initiatives, together with the Ashwini Radar, Digital Warfare system for MI-17, HimShakti Section 4, and QRSAM. The QRSAM deal, valued between Rs 25,000-30,000 crore, is predicted to be finalized throughout the subsequent 6-8 months. Moreover, orders for MRSAM and MFSTAR, price Rs 14,000-15,000 crore, are anticipated within the upcoming fiscal 12 months.
Bharat Electronics Restricted (BEL) focuses on creating and supplying digital gear and programs for each defence and non-defence sectors. Its defence portfolio consists of navigation programs, communication programs, land-based radars, naval programs, and digital warfare options, amongst different superior applied sciences.
At 12:45 pm, the shares of Bharat Electronics have been buying and selling 1.40% greater at Rs 286.35 on NSE.
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