Bharat Electronics Ltd (BEL) shares surged 3.82% in early trade on April 8 following a significant order win from the Ministry of Defence. The stock opened at Rs 282.45, compared to its previous close of Rs 272, hitting a high of Rs 288 and a low of Rs 281. At 09:47 AM, BEL was trading at Rs 282, up by Rs 8.15.
Rs 2,210 Crore Defence Order
BEL has secured a Rs 2,210 crore contract (excluding taxes) from the Ministry of Defence to supply Electronic Warfare (EW) Suites for Mi-17 V5 helicopters of the Indian Air Force. These systems, developed by DRDO’s CASDIC and manufactured by BEL, will enhance combat survivability through advanced countermeasures.
Total Orders Cross Rs 2,800 Crore in FY25
With this latest contract, BEL has secured total orders worth Rs 2,803 crore in the current financial year. Earlier, on April 2, the company bagged a Rs 593.22 crore contract for the maintenance of the Akash Missile System. In March, BEL won an Rs 2,463 crore contract for Ashwini Radars and additional orders worth Rs 2,805 crore.
Financial Performance and Stock Movement
For the financial year 2024-25, BEL reported a turnover of around Rs 23,000 crore, including export sales of USD 106 million. The stock is currently 16.17% below its 52-week high of Rs 340.35 and 29.1% above its 52-week low of Rs 221. Over the past year, BEL’s share price has gained more than 27%, with the company’s market capitalization now at Rs 2,08,547.99 crore.