Shares of Bharat Electronics Limited (BEL) witnessed a strong upward movement on Tuesday, rising by 5.3% to hit an intraday high of ₹287.85 on the BSE. The rally came after the defence PSU announced a major win—a ₹2,210 crore contract from the Ministry of Defence.
This latest order is for the supply of advanced Electronic Warfare (EW) suites for the Indian Air Force’s Mi-17V5 helicopters. The project is aimed at enhancing India’s self-reliance in defence technology and marks another significant milestone in BEL’s journey of supporting the country’s armed forces.
This deal reinforces BEL’s critical role in India’s defence indigenisation drive and boosts its standing in the defence manufacturing space.
With this fresh contract, BEL’s total order intake for FY25 now stands at ₹2,803 crore, providing a positive start to the new fiscal year.
BEL’s Recent Performance and Order Book
Earlier on April 1, the company disclosed provisional figures for FY24, revealing a 16% jump in turnover to ₹23,000 crore, compared to ₹19,820 crore in the previous financial year. However, it fell short of its order guidance target of ₹25,000 crore, reporting total orders worth ₹18,715 crore for FY24.
Some of the key orders BEL received during the year include:
BMP II Upgrade
Ashwini Radar
Software Defined Radios
Data Links
Multi-Function Radars
EON 51
Non-defence sector projects as well
This latest contract strengthens BEL’s order book and boosts investor sentiment, especially at a time when the market is looking for positive triggers.
Outlook
With the new fiscal year underway and continued focus on indigenous defence procurement, BEL is well-positioned to benefit from the government’s push for Make-in-India in the defence sector. Analysts and investors will now watch closely how BEL builds on this momentum in the coming quarters.
