BEL secures over Rs 500 crore in new orders, shares gain over 3%

New Delhi: Navaratna Defence PSU Bharat Electronics Ltd has secured additional orders worth more than Rs 500 crore since its last announcement on September 11, 2024.

The new contracts include EMI (electromagnetic interference) shelters, annual maintenance contracts for integrated air command and control system nodes, upgrades and spares for gun systems, radar spares, and communication systems. With these new orders, BEL’s total order book for the current financial year has reached Rs 7,689 crore.

"The major orders received include EMI shelters, AMC for Integrated Air Command and Control system nodes, upgrade/spares for gun systems, spares for radars, communication system, etc. With these orders, BEL has now accumulated orders totaling Rs 7,689 crore in the current financial year," the company said in a stock exchange filing.

 

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

Read Also : Reasons Why Players From Bangladesh Love MelBet

Since joining the Nifty50 last Monday (September 30th), BEL has been experiencing continuous declines without a single day of gains. BEL has projected a robust order inflow of Rs 25,000 crore for FY25.

The company also expects its order inflow to be around Rs 25,000 crore for the financial year. According to its latest update shared on September 11th this year, the company had won orders worth Rs 1,155 crore, bringing BEL's total order inflow for the financial year 2025 to Rs 7,075 crore.

After gaining the order, the shares of the company are trading over 3% at Rs 274.80 per share.

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