Latest news with #BEL
Time of India
2 days ago
- Business
- Time of India
Indore joins India's metro map: Madhya Pradesh gets its first urban rail line; key details here
In a major infrastructure milestone for Madhya Pradesh, Indore has officially joined India's growing metro network with the launch of the state's first metro rail service. The inauguration took place on May 31, 2025, with Prime Minister Narendra Modi flagging off the metro virtually from Bhopal during an event marking the 300th birth anniversary of Ahilya Bai Holkar, a revered figure in the region's history. The newly launched metro in Indore begins with a 6.3-km "Super Priority Corridor," connecting Gandhi Nagar Station to Super Corridor-3. This stretch includes five operational stations: Gandhi Nagar, Super Corridor-6, Super Corridor-5, Super Corridor-4, and Super Corridor-3. To encourage citizens to explore the new transit system, the metro is offering free rides for the first seven days. After the promotional week, ticket prices will range from INR 20 to INR 30, depending on the distance traveled. At the moment, the metro has three coach trains that can carry up to 980 passengers each. But when demand increases, the infrastructure is built to handle future six-coach trains, enabling a higher passenger volume. To make commuting easier, the trains are outfitted with contemporary features including real-time tracking, AI-based control systems, and QR code-based ticketing. Read more: Why Indians are turning to the EB-5 Visa for US: What it is and who is eligible One of the standout features of the Indore Metro is the inclusion of Platform Screen Doors (PSDs)—a safety system that prevents passengers from accidentally falling onto the tracks. Indore is the first Indian city to implement PSDs in collaboration with Bharat Electronics Limited (BEL) and the National Capital Region Transport Corporation (NCRTC). The long-term plan for the Indore Metro envisions a total network of 31.32 km covering 28 stations across the city. The entire project, with an estimated cost of INR 7,500.8 crore, aims to significantly reduce traffic congestion, improve air quality, and offer a comfortable, eco-friendly alternative to road transport in a city with a population of over 3.5 million. Read more: 5 places in Rajasthan that aren't desert With this launch, Indore becomes the 24th city in India to operate a metro rail system, highlighting the central government's continued investment in sustainable urban infrastructure. As the network expands, it's anticipated that the metro connectivity will transform daily commutes and redefine public transportation in Madhya Pradesh's commercial capital. One step to a healthier you—join Times Health+ Yoga and feel the change
Mint
4 days ago
- Business
- Mint
Mazagon Dock vs Bharat Dynamics vs BEL: Which PSU defence stock to buy after Q4 results 2025?
Indian defence stocks have recently drawn investor interest amid escalating tensions between India and Pakistan, coupled with the government's continued push towards indigenisation in defence manufacturing. Shares of defence PSUs (public sector undertakings) such as Bharat Dynamics (BDL), BEML, Bharat Electronics (BEL), Hindustan Aeronautics (HAL), Mazagon Dock Shipbuilders, Garden Reach Shipbuilders & Engineers, and Cochin Shipyards have recently witnessed robust momentum. Among these, BEL, BDL, and Mazagon Dock Shipbuilders have recently announced their Q4FY25 results. Here is a comparative analysis of their performance and insights into which defence stock to buy after Q4 results 2025. Bharat Electronics Ltd (BEL) reported a net profit of ₹ 2,105 crore for Q4FY25, marking an 18% increase from ₹ 1,784 crore in the corresponding quarter of the previous year. The defence company's revenue from core operations rose 7% YoY to ₹ 9,119.7 crore. As of April 1, 2025, BEL's order book stood at a robust ₹ 71,650 crore. The board recommended a final dividend of ₹ 0.90 per equity share of face value ₹ 1 each. Bharat Dynamics posted a 5.54% YoY decline in net profit to ₹ 272.77 crore for Q4FY25. However, its total revenue from operations more than doubled, rising to ₹ 1,776.98 crore from ₹ 854.12 crore a year earlier. The defence PSU's board recommended a final dividend of ₹ 0.65 per equity share of ₹ 5 each. Mazagon Dock Shipbuilders reported a sharp 51% YoY decline in net profit to ₹ 325.3 crore for Q4FY25. Revenue from operations rose modestly by 2.3% YoY to ₹ 3,174.4 crore. The board declared a final dividend of ₹ 2.71 per equity share of ₹ 5 each. Among the three, Bharat Electronics (BEL) has emerged as the strongest contender based on Q4 results, according to Seema Srivastava, Senior Research Analyst at SMC Global Securities. BEL's strength is underpinned by a healthy order book, particularly in radar and electronic warfare systems. In contrast, BDL's profitability declined, and MDL saw a sharp drop in net profit. 'BEL stands out as a stable investment opportunity due to its consistent earnings, large order pipeline, and diversified portfolio,' Srivastava noted. She added that while Bharat Dynamics and Mazagon Dock benefit from their strategic role in India's defence ecosystem, short-term market sentiment remains cautious. 'For investors focused on long-term growth in India's defense sector, BEL appears to be the most attractive defence stock pick post-Q4 results. However, it's essential to keep an eye on Mazagon Dock's volatility and BDL's recovery potential, as both companies have their strengths and weaknesses,' Srivastava said. From a technical perspective, Bharat Electronics currently exhibits the most promising setup, said Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi. 'On the weekly chart, BEL share price is forming a bullish flag pattern, which typically signals the potential for strong upward momentum. Bharat Electronics shares have also been consistently sustaining above the 1.28 Fibonacci retracement level from their March low, which lies at ₹ 370 — now acting as a key support zone. Bharat Electronics share price is currently trading around ₹ 385, offering an attractive risk-reward ratio,' Dongre explained. Bharat Dynamics share price is currently in a consolidation phase, oscillating between ₹ 1,800 and ₹ 2,030. The stock is yet to break above the 1.28 Fibonacci retracement level from its March low. Dongre advised waiting for a breakout above this range for a clearer directional signal. Mazagon Dock share price has already approached the 1.618 Fibonacci extension level from its March low, effectively meeting its projected technical targets. 'With the stock nearing its extended resistance zone, the immediate upside appears limited. As such, it may not offer a favourable entry point for new positions in the near term,' Dongre said. Both on fundamental and technical grounds, Bharat Electronics emerges as the strongest defence stock pick among Mazagon Dock Shipbuilders and Bharat Dynamics post-Q4 results 2025. 'Between Mazagon Dock, Bharat Dynamics, and BEL, BEL clearly stands out with its bullish chart pattern, support above a key Fibonacci level, and breakout confirmation. For investors seeking a technically robust opportunity, BEL is a favourable pick in the ₹ 385 – ₹ 390 range, with a target of ₹ 420 – ₹ 440 and a stop-loss at ₹ 370,' Dongre said. Backed by robust financial performance, a strong order book, favourable technical structure, and strategic relevance, BEL offers a balanced proposition for both long-term investors and short-term traders. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
4 days ago
- Business
- India.com
Project Kusha: Indias Indigenous S-400-Style Air Defence System To Be Ready Soon
Taking a giant leap towards self-sufficiency in defense technology, India is designing a locally developed long-range surface-to-air missile (SAM) system similar to Russia's S-400 under Project Kusha, an all-India collaborative project by the Defence Research and Development Organisation (DRDO) and Bharat Electronics Limited (BEL). The native system is being developed to resemble the performance of the Russian-produced S-400 Triumph, which had lately come into action during Operation Sindoor, when Indian military forces were able to intercept more than 300 Pakistani drones and missile attacks following terror activities from the other side of the border. Project Kusha Timeline And Scope As per The Economic Times, the indigenous system's prototype is likely to be completed within the next 12 to 18 months. The user trials could then be stretched over 12 to 36 months to test operational effectiveness. BEL, one of the main defence PSUs that is engaged in air defence systems such as Akashteer, is also developing essential subsystems of Project Kusha, such as advanced control systems and radar technologies. BEL Chairman and Managing Director Manoj Jain replied on the March quarterly earnings call that the company is waiting to hear regarding the choice of a system integrator and would like to be among them if two are chosen by the government. NDTV Profit said Project Kusha had the potential to yield a Rs 40,000 crore defence order, making it a flagship project of India's missile defence capabilities. S-400 Triumph Still Relevant India had signed a USD 5.4 billion deal with Russia to buy five S-400 systems in 2018. So far, three have arrived, while the fourth is due next year and the fifth will come in 2026. Meanwhile, National Security Advisor Ajit Doval will travel to Moscow from May 27 to 29 to attend the 13th International Meeting of High Representatives for Security Issues. He will be required to advocate for the early delivery of the rest of the S-400 systems. BEL's Other Defence Projects Besides Project Kusha, BEL is also undertaking the QRSAM system's development. Negotiations are on to close its contract, and a specialized team has been constituted to complete the project, which is likely to create orders worth Rs 30,000 crore. "We are the production agency for QRSAM, so the order will come to BEL," Jain stated. Operation Sindoor: Air Defence In Action During Operation Sindoor, India struck back at the April 22 terror strike in Jammu and Kashmir's Pahalgam—which killed 26 people—by carrying out precision attacks on nine terror camps in Pakistan and Pakistan-occupied Kashmir. The Indian Air Force had fielded the S-400 system along with local missile defences such as Akash, Samar, Barak-8, and anti-drone capabilities through the Integrated Air Command and Control System (IACCS). The S-400 system's superior radar and engagement capabilities made it capable of countering aerial threats up to 400 km away, reiterating its strategic value. As India keeps ramping up its defence readiness in the face of regional security threats, Project Kusha is a key step towards indigenisation and technology independence in air defence. The success of this indigenous S-400 substitute has the potential to radically change India's strategic independence in missile defence capabilities.
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First Post
6 days ago
- Politics
- First Post
India won tech war, Pakistan lost as China's proxy, says John Spencer
Under Operation Sindoor, India did not just win a military conflict with Pakistan, but also scored a victory over China in the technological domain as Pakistan essentially fought as a Chinese proxy by relying heavily on Chinese platforms, according to world's leading military expert John Spencer. read more The medium-range Akash air defence system is in service with the Indian Army and Air Force. (Photo: BEL) With Operation Sindoor, India did not just win a military conflict with Pakistan but also scored a victory in a technology war with China, according to world's leading military expert John Spencer. While India fought and won as a sovereign military power, Pakistan fought and lost as a proxy of China, said Spencer, the Chair of Urban Warfare Studies at the Modern War Institute at the US Army Military Academy. In an article on X, Spencer said that Operation Sindoor witnessed a face-off between India's indigenous capabilities against Pakistan's Chinese military platforms and India's victory amounted to a referendum on the technological competition. STORY CONTINUES BELOW THIS AD 'Operation Sindoor pitted India's indigenously developed weapons systems against Chinese-supplied platforms fielded by Pakistan. And India didn't just win on the battlefield — it won the technology referendum. What unfolded was not just retaliation, but the strategic debut of a sovereign arsenal built under the twin doctrines of Make in India and Atmanirbhar Bharat,' said Spencer. Under Operation Sindoor, India struck terrorist sites in Pakistan and Pakistan Occupied Jammu and Kashmir (POJK). When Pakistan launched missile and drone attacks, India attacked Pakistani military. In the four-day conflict that ended on May 10 with Pakistan's request for a ceasefire, India struck at least eight Pakistani airbases in addition to other military sites, such as air defence units and radar sites. In the four-day conflict, Pakistan relied heavily on foreign-made platforms, ranging from China's JF-17 fighter planes, US F-16s, and Turkish drones to Chinese HQ-9 air defence systems, which were beaten by Indian indigenous systems, such as BrahMos missiles, Akash and Akashteer air defence systems, and integration of foreign-made fighter planes and air defence systems, such as Rafale fighters, Scalp missiles, and S-400, with Indian systems. 'Operation Sindoor a full-scale validation of India's defense transformation under PM Modi' Spencer said that Operation Sindoor proved to be a 'full-scale validation of India's defense transformation' that began with Prime Minister Narendra Modi's 'Make in India' initiative in 2014 and picked up renewed pace in 2020 with the 'Atmanirbhar Bharat' initiative. With Operation Sindoor, India showed the world 'self-reliance in modern warfare looks like'. Spencer said, 'Operation Sindoor wasn't just a military campaign. It was a technology demonstration, a market signal, and a strategic blueprint. India showed the world what self-reliance in modern warfare looks like—and proved that 'Atmanirbhar Bharat' works under fire.' STORY CONTINUES BELOW THIS AD In a sign that India is going double down on indigenisation of military systems after the success of Operation Sindoor, India has approved the building of the prototype of Advanced Medium Combat Aircraft (AMCA), an indigenous fifth-generation fighter plane.
Yahoo
6 days ago
- Business
- Yahoo
Brooge Energy Voluntarily Delists from Nasdaq
DUBAI, May 28, 2025 (GLOBE NEWSWIRE) -- Brooge Energy Limited, ("BEL" or the 'Company') (NASDAQ: BROG), a Cayman Islands-based infrastructure provider, which is engaged in Clean Petroleum Products and Biofuels and Crude Oil storage and related services, today announced that it has provided notification to The Nasdaq Stock Market, LLC ('Nasdaq') of its intent to voluntarily delist the Company's ordinary shares (the 'Shares'), from the Nasdaq Capital Market and subsequently deregister with the Securities and Exchange Commission (the 'SEC'). The Company intends to file a Form 25 (Notification of Removal from Listing) with the SEC and Nasdaq relating to the delisting of its Shares on or about June 9, 2025. As a result, the Company expects the last day of quotation of its Shares on Nasdaq will be on or about June 19, 2025. The Company does not intend to list the Shares on another securities exchange. Following the termination of the quotation of the Company's Shares from Nasdaq, the Company intends to file a Form 15 with the SEC on or about June 19, 2025 to suspend its reporting obligations under the Exchange Act. As a result of the filing of the Form 15, the Company's obligation to file certain Exchange Act reports and forms with the SEC, including Forms 20-F and 6-K, will immediately cease. Other SEC filing requirements will terminate upon the effectiveness of the deregistration. Although the Company will have no continuing requirement to file periodic reports with the SEC after June 19, 2025, the Company expects that the formal deregistration of its Securities will become effective 90 days after the filing of the Form 15 with the SEC. The documents filed with the SEC will be available at The withdrawal of the Shares from listing and registration is being undertaken following a determination by the Company's Board of Directors (the 'Board') that such delisting and deregistration is in the best interest of the Company and the holders of its Shares. The Board's decision was based on a careful review of numerous factors, including but not limited to, the lack of an active trading market for the Company's securities, the required resources and expenses relating to continued Securities Exchange Act of 1934 and Nasdaq disclosure and reporting requirements and related regulatory burdens which have resulted and would continue to result in significant operating expense and attention of the Company's management team. About Brooge Energy LimitedBEL is a Cayman Islands-based infrastructure provider which is engaged in Clean Petroleum Products and Biofuels and Crude Oil storage and related services. BEL conducts the business and operations through its subsidiary BPGIC FZE. BPGIC FZE is strategically located outside the Strait of Hormuz at the Port of Fujairah in the Emirate of Fujairah in the UAE Its business differentiates itself from competitors by providing customers with fast order processing times, excellent customer service and high accuracy blending services with low product losses. Forward-Looking Statements This press release contains statements that are not historical facts and constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements reflect management's current views based on certain assumptions, and they involve risks and uncertainties. Actual results, events or performance may differ materially from the forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including risks described in public reports filed by BEL with the SEC. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. BEL does not undertake any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Investor ContactKCSA Strategic CommunicationsValter Pinto, Managing Director+1 212-896-1254 BROG@ in to access your portfolio
