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BEL Secures Rs.593.22 Crore Deal With IAF for Akash Missile Support

Synopsis:

Bharat Electronics (BEL) has secured a Rs.593.22 crore contract from the Indian Air Force for Akash Missile System support, starting FY26 with a strong order book.


Bharat Electronics Limited (BEL), a key defence public sector undertaking, has signed a contract worth Rs.593.22 crore with the Indian Air Force (IAF) to provide comprehensive maintenance services for the Akash Missile System. The Akash System, originally supplied by BEL, is an integral part of India’s surface-to-air missile arsenal. The latest agreement signifies a critical milestone in BEL’s support for defence preparedness and lifecycle management. This contract value excludes taxes and positions BEL on a strong footing at the start of financial year 2025-26.

Also read: Bharat Forge Shares Under Watch As Class 8 Truck Orders Decline

BHARAT ELECTRONICS LTD

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305.7-0.14 (-0.04 %)

Updated - 24 April 2025
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Key Takeaways:

  1. BEL signed a Rs.593.22 crore contract with the Indian Air Force.

  2. The deal involves maintenance services for the Akash Missile System.

  3. It is BEL’s first major order in financial year 2025–26.

  4. BEL is concluding negotiations for further Rs.5,000 crore in defence orders.

  5. The contract is expected to influence BEL share price performance positively.

Also read: Mahindra Lifespace Eyes Rs.1,200 Crore From Mumbai Redevelopment Projects

Order Acquisition Sets Positive Tone For FY26

This defence contract marks BEL’s entry into FY26 with a significant order, ensuring visibility of revenue in the coming quarters. The Akash Missile System is a medium-range, surface-to-air defence weapon system developed under India's integrated guided missile programme. By offering maintenance services, BEL ensures system efficiency and readiness for the Indian Air Force, while reinforcing its own role in long-term defence partnerships.

Additionally, the company has disclosed that negotiations for orders worth Rs.5,000 crore are nearing completion. This indicates a healthy order pipeline and strengthens BEL’s financial and strategic outlook. The cumulative effect of these developments could impact the BEL share price in the short-to-mid term as order inflows grow.

Contract Overview

Particulars

Details

Contract Value

Rs.593.22 crore (excl. taxes)

Client

Indian Air Force

Purpose

Maintenance for Akash System

Supplied By

Bharat Electronics Limited

Financial Year

2025–26

BEL Share Price Outlook And Strategic Growth

As BEL builds on this new contract and nears additional orders, investor interest in BEL share price is expected to grow. A steady flow of defence projects and lifecycle support contracts reinforces BEL’s role in indigenous defence manufacturing. With a promising Rs.5,000 crore order pipeline, the company is well-positioned to expand its order book and continue supporting critical defence infrastructure across the country.

Also read: Kirloskar Oil Engines Wins Rs.270 Crore Navy Order for Marine Diesel Engine

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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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