Bharat Electronics Ltd shares may revive, secures order worth Rs 500 crore

Navratna Defense Public Sector Undertaking, Bharat Electronics Limited (BEL) has secured additional orders of more than Rs.500 Cr since its last disclosure on 07 Oct 2024.

According to the information, the majority of the orders received include Laser Range Finders, communication equipment, vessel communication and support system, test equipment for guns, spares, services etc.

 

Join PSU Connect on WhatsApp now for quick updates! Click here

Read Also : Reasons Why Players From Bangladesh Love MelBet

With this, Bharat Electronics has now accumulated orders totalling Rs 8,194 crore in the current financial year so far. The company is also the latest entrant to the Nifty 50 index and started trading on the index on September 30, 2024.

Read Also : IRCON awards bridge construction contract worth Rs 18 crore for Chhattisgarh East-West rail corridor

The shares of the company are currently trading 0.62% lower on Friday at Rs 298.50. The stock has gained over 60% so far in 2024 but is down 12% from its peak of Rs 340.50.

So far, Bharat Electronics has won orders worth Rs 35,400 crore in the financial year 2024.

Read Also : Indian Bank signed MoU with UPSRTC for employees