BAJAJ BROKING

Notification
No new Notification messages
Mamata Machinery IPO is Open!
Apply for the Mamata Machinery IPO through UPI in just minutes.
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.

Bharat Electronics Secures ₹500 Cr Additional Orders Since September

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

Bharat Electronics Ltd. secured additional orders worth over ₹500 crore since September 11, 2024. With this, the company's order book for FY25 stands at ₹7,689 crore, supporting its growth trajectory.

Bharat Electronics Ltd. news today

Bharat Electronics Ltd. (BEL) has secured new orders valued at over ₹500 crore since September 11, 2024. These orders include contracts for EMI (electromagnetic interference) shelters, annual maintenance contracts for Integrated Air Command and Control System (IACCS) nodes, upgrades and spares for gun systems, radar spares, and communication systems. With the addition of these orders, BEL's total order book for the financial year has now reached ₹7,689 crore.

BHARAT ELECTRONICS LTD

Trade

290.85-7.64 (-2.55 %)

Updated - 20 December 2024
302.10day high
DAY HIGH
289.35day low
DAY LOW
14964677
VOLUME (BSE)

Details of new orders

The latest contracts encompass critical defence and communication systems, reflecting BEL’s role as a significant supplier to India's defence sector. The orders for EMI shelters and maintenance contracts for air command systems are part of BEL's ongoing efforts to modernise and upgrade military infrastructure. Additionally, orders for radar spares and communication systems further strengthen BEL's contribution to enhancing the nation's defence capabilities.

Financial outlook and order targets

BEL's order inflows for FY25 are projected to reach ₹25,000 crore, driven by new contracts and ongoing partnerships. As of September 11, 2024, the company had already secured orders worth ₹1,155 crore, bringing its total order book to ₹7,075 crore. The additional orders since then have pushed this figure to ₹7,689 crore. This robust pipeline is expected to continue supporting BEL’s growth in the coming quarters.

Share performance and outlook

Since its inclusion in the Nifty50 index in late September, Bharat Electronics Ltd. shares have seen a decline, with no gains recorded in consecutive sessions. On October 1, BEL’s share price closed at ₹267.35 on the BSE, down 3.55%. Despite the recent dip, BEL remains a crucial player in India’s defence and electronics manufacturing sector.

The recent orders reflect Bharat Electronics Ltd.’s strategic role in supplying advanced defence systems to the Indian military. With its current order book standing at ₹7,689 crore, BEL is well-positioned to meet its order inflow target of ₹25,000 crore for FY25, providing continued support to its operational growth. The company’s future performance will be closely monitored, especially with respect to the Bharat Electronics Ltd. share price.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

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

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Share this article: 

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

8 Lacs+ Users

icon-with-text

4.4+ App Rating

icon-with-text

4 Languages

icon-with-text

₹4700+ Cr MTF Book

icon-with-text