01-01-1970 12:00 AM | Source: Accord Fintech
Bharat Electronics rises on signing contract worth Rs 3000 crore with Ministry of Defence
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Bharat Electronics is currently trading at Rs. 92.01, up by 0.59 points or 0.65% from its previous closing of Rs. 91.42 on the BSE.

The scrip opened at Rs. 93.59 and has touched a high and low of Rs. 93.59 and Rs. 91.75 respectively. So far 229579 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 115.00 on 15-Sep-2022 and a 52 week low of Rs. 67.88 on 28-Mar-2022.

Last one week high and low of the scrip stood at Rs. 94.30 and Rs. 90.90 respectively. The current market cap of the company is Rs. 67242.66 crore.

The promoters holding in the company stood at 51.14%, while Institutions and Non-Institutions held 42.39% and 6.47% respectively.

Bharat Electronics (BEL) has signed a contract worth Rs 3000 crore with Ministry of Defence (MoD), Govt of India, for supply of Integrated Electronic Warfare Systems for the Indian Army.

The Integrated Electronic Warfare Systems for Indian Army are state-of-the-art with cutting-edge technologies, indigenously developed and manufactured by BEL based on Defence Electronics Research Laboratory (DLRL), DRDO design. These integrated systems will be a real force multiplier and will further enhance the electronic warfare capability of the Indian Army in leaps and bounds.

Further, BEL has also received several contracts totaling to Rs 1300 crore (approximately) during last fortnight from the Indian Navy for supply of Indigenously developed Fire control, Gun fire control, Surveillance, tracking, ESM, Sonar Systems etc.

BEL is a multi-product, multi-technology, multi-unit conglomerate with various products in the areas of military communication, radars, naval systems, C4I systems, weapon systems, homeland security, telecom & broadcast systems, electronic warfare, tank electronics, electro-optics, professional electronic components and solar photovoltaic systems.