BEL.NSE Bharat Electronics Ltd.
518
138.30
3.25
(2.41%)
| Watchers | 518 |
| 52-Wk Low | 87.00 |
| 52-Wk High | 147.15 |
| Market Cap | 1.01T |
| Volume (M) | 8.5M |
| 52-Wk High | 147.15 |
| 52-Wk Low | 87.00 |
BEL jumps on bagging orders worth Rs 3,000 cr Capital Market • 14 days ago
The order from Cochin Shipyard consists of supply of sensors, weapon equipment, fire control systems and communication equipment for six numbers of next generation missile vessels (NGMV), class of anti-surface warfare corvettes for Indian Navy.This project will have participation of Indian electronics and associated industries, including MSMEs, which are sub vendors of BEL, it stated.Further, the company has also received additional orders worth Rs 886 crore to upgrade of AFNET SATCOM NW, upgrade of Akash Missiles with RF seeker, inertial navigation system and other equipments with accessories and spares etc.LWith this, BEL has in all received orders worth Rs 14,384 crore till now in the financial year 2023-24.Navratna PSU BEL is a multi-product, multi-technology, multi-Unit conglomerate which designs, manufactures and supplies products and systems in a wide variety of fields including radars, missile systems, military communications, naval systems, electronic warfare & avionics, C4I systems, electro optics, tank electronics & gunweapon system upgrades, and electronic fuzes in the defence segment.The companys standalone net profit rose 23% to Rs 530.84 crore in Q1 FY24 as against Rs 431.49 crore reported in Q1 FY23. Revenue from operations grew by 12.5% year on year to Rs 3,446.69 crore in the quarter ended 30 June 2023.
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This project will have participation of Indian electronics and associated industries, including MSMEs, which are sub vendors of BEL.
The order from Cochin Shipyard consists of supply of sensors, weapon equipment, fire control systems and communication equipment for six numbers of next generation missile vessels (NGMV), class of anti-surface warfare corvettes for Indian Navy.This project will have participation of Indian electronics and associated industries, including MSMEs, which are sub vendors of BEL, it stated.Further, the company has also received additional orders worth Rs 886 crore to upgrade of AFNET SATCOM NW, upgrade of Akash Missiles with RF seeker, inertial navigation system and other equipments with accessories and spares etc.LWith this, BEL has in all received orders worth Rs 14,384 crore till now in the financial year 2023-24.Navratna PSU BEL is a multi-product, multi-technology, multi-Unit conglomerate which designs, manufactures and supplies products and systems in a wide variety of fields including radars, missile systems, military communications, naval systems, electronic warfare & avionics, C4I systems, electro optics, tank electronics & gunweapon system upgrades, and electronic fuzes in the defence segment.The companys standalone net profit rose 23% to Rs 530.84 crore in Q1 FY24 as against Rs 431.49 crore reported in Q1 FY23. Revenue from operations grew by 12.5% year on year to Rs 3,446.69 crore in the quarter ended 30 June 2023.The scrip fell 0.77% to end at Rs 135.70 on Friday, 15 September 2023.
Bharat Electronics (BEL) has received an order of Rs.2,118.57 crore from Cochin Shipyard for supply of various equipment consisting of Sensors, Weapon equipment, Fire Control systems and Communication equipment for six numbers of Next Generation Missile Vessels (NGMV), class of anti-surface warfare corvettes for Indian Navy. This project will have participation of Indian electronics and associated industries, including MSMEs, which are sub vendors of BEL. The equipment manufactured by BEL are part of Aatmanirbhar Bharat program.The Company has also received additional orders worth Rs.886 crore since the last disclosure on 25 August 2023 and the said orders pertain to Upgrade of AFNET SATCOM NW, Upgrade of Akash Missiles with RF Seeker, Inertial Navigation System and other equipment with accessories and spares etc. With this BEL has in all received orders worth Rs.14,384 crore till now in the financial year 2023-24.
BEL will supply next-generation missile vessels equipped with state-of-the-art technology worth Rs 2,118.57 crore to the Indian Navy.
Bharat Electronics announced that final dividend of Rs 0.60 per share will be paid on 25 September 2023.
IRFC is now the 10th most valuable state-run enterprise in the country, surpassing Bharat Electronics Ltd, Bank of Baroda, and Gail India Ltd
The company had received total orders of Rs 11,380 crore till now in the financial year 2023-24.
Navratna Defence PSU has received new defence & non-defence orders worth Rs 3,289 crore during July and August 2023.Above orders are for supply of Low Level Light Weight Radars, SONARS, IFF Systems, SATCOM Systems, EOIR Payloads, TRMDTRMs, Jammers, Encryptors, Data Link Systems, Fire Control Systems, Radars for Directed Energy Systems, Semi Rugged Telephone Exchanges, Software Defined Radios and various others types of radios, Electronic Votin Machines, AMC and Spares. These orders are in addition to the Rs 8,091 crore orders, which are already received. With this, BEL has in all received orders of Rs 11,380 crore till now in the financial year 2023-24.Navratna PSU BEL is a multi-product, multi-technology, multi-Unit conglomerate which designs, manufactures and supplies products and systems in a wide variety of fields including radars, missile systems, military communications, naval systems, electronic warfare & avionics, C4I systems, electro optics, tank electronics & gunweapon system upgrades, and electronic fuzes in the defence segment.The companys standalone net profit rose 23% to Rs 530.84 crore in Q1 FY24 as against Rs 431.49 crore reported in Q1 FY23. Revenue from operations grew by 12.5% year on year to Rs 3,446.69 crore in the quarter ended 30 June 2023.The scrip fell 0.71% to ended at Rs 133.35 on Friday, 25 August 2023.
The defence body’s approval for the electronic warfare suites comes as a part of proposals cleared on August 24, which are worth Rs 7,800 crore, to strengthen the operational capacities of the Indian armed forces.
