Latest news with #BharatElectronicsLtd
Business Upturn
a day ago
- Business
- Business Upturn
Top stocks to watch today, June 9: Bharat Electronics, Infosys, NTPC, RITES, Garden Reach, NHPC and more
By Aman Shukla Published on June 9, 2025, 08:31 IST Benchmark indices closed sharply higher on Friday, with the BSE Sensex jumping 746.95 points and the NSE Nifty reclaiming the 25,000-mark. The rally came after the Reserve Bank of India (RBI) announced a higher-than-expected 50 basis points interest rate cut—its third consecutive reduction—and lowered the cash reserve ratio (CRR), aiming to infuse liquidity and support growth amid global uncertainties. As markets open on June 9, several stocks are expected to remain in focus due to recent announcements and developments. Here's a list of key stocks to watch: Key Stocks to Watch Bharat Electronics Ltd (BEL): Signed a memorandum of understanding with Tata Electronics to explore collaboration opportunities in the semiconductor space. Infosys: Received closure from the Directorate General of GST Intelligence on a pre-show cause notice amounting to ₹32,403 crore. NTPC: Declared 193 MW of the 245 MW capacity at its Nokh Solar Project as commercially operational. Power Grid Corporation: Commissioned a fibre optic communication system in the Western region. UPL: Its subsidiary Advanta Seeds Brazil will sell the assets of associate company Serra Bonita for $125 million. Multi Commodity Exchange (MCX): Received SEBI approval to launch electricity derivatives. Mahanagar Gas Ltd (MGL): Stated preference for volume over margin, projects 10%+ volume CAGR over the next 2–3 years. NHPC: Completed Phase 3 of its 300 MW solar project, adding 53.6 MW capacity. RITES: Entered into an MoU with Hindustan Copper for critical mineral supply chain initiatives in India and overseas. Garden Reach Shipbuilders: Signed MoUs in Sweden and Denmark focusing on marine systems and the cruise segment. Afcons Infrastructure: Received a letter of award worth ₹700 crore from Reliance Industries. RailTel: Secured orders totalling ₹258 crore. PNC Infratech: Received a letter of intent for an EPC project worth ₹240 crore from Rajasthan PWD. SPML Infra: Maharashtra government allotted 99,000 sq. m. of land for a battery energy storage systems manufacturing unit. Lupin: Received tentative approval from the US FDA for Oxcarbazepine ER tablets used to control seizures. Asian Paints: The Competition Commission of India (CCI) is expected to issue an order soon in an abuse of dominance probe following a complaint by Birla Opus. Suzlon Energy: Promoters may sell up to 20 crore shares via block deals at a 2.9% discount to the current market price. Ambuja Cements & Nuvoco Vistas: The West Bengal government has revoked an earlier incentive scheme. Dalmia Bharat & Star Cement: Also affected by the West Bengal government's withdrawal of incentive schemes. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Bharat ElectronicsGarden ReachInfosysNHPCNTPCRITESStock Market Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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Business Standard
5 days ago
- Business
- Business Standard
BEL secures ₹2,323 crore missile system spares orders for Navy ships
Bharat Electronics Ltd (BEL), a Navratna Defence Public Sector Undertaking (PSU), on Thursday announced that it has secured orders worth ₹2,323 crore from two major Indian shipbuilders: Mazagon Dock Shipbuilders Ltd (MDL), Mumbai, and Garden Reach Shipbuilders & Engineers Ltd (GRSE), Kolkata. The contracts pertain to the supply of base and depot spares for missile systems installed aboard Indian Naval ships. BEL said the components are essential to ensuring the operational continuity of mission-critical onboard systems. Order momentum continues with additional defence contracts This latest deal builds on a strong run of orders for BEL. Earlier this month, the company secured additional contracts totalling ₹537 crore, in addition to ₹572 crore worth of orders received between April 7 and mid-May. These include communication systems, advanced shipborne communication suites, jammers, software, simulator upgrades, spares, test rigs, and associated services. Earlier orders covered Integrated Drone Detection and Interdiction Systems (IDDIS), Software Defined Radios (SDR), Data Communication Units (DCU) for attack guns, AI-powered naval systems, simulators, jammers, and other communications-related equipment and services. Electronic Warfare suites and Ministry of Defence contracts In April, BEL also signed a ₹2,210-crore contract (excluding taxes) with the Ministry of Defence to supply Electronic Warfare (EW) Suites for the Indian Air Force's Mi-17 V5 helicopters. The systems, developed by DRDO's CASDIC and to be produced by BEL, comprise a Radar Warning Receiver (RWR), Missile Approach Warning System (MAWS), and Counter Measure Dispensing System (CMDS). Financial performance in Q4 FY25 Financially, BEL posted a 15 per cent rise in net profit for the fourth quarter of the financial year that ended on March 31, 2025, reaching ₹2,127 crore, up from ₹1,796.67 crore in the same period last year. Revenue from operations grew 6 per cent year-on-year to ₹9,149.59 crore.
Time of India
5 days ago
- Business
- Time of India
Stocks in news: Vedanta, Gland Pharma, YES Bank, Power Grid, BEL
Bharat Electronics Ltd (BEL) announced it has received fresh orders worth Rs 537 crore since its last disclosure on May 16. Markets experienced range-bound trading, closing slightly higher after Tuesday's dip. Vedanta Resources explores refinancing a $550 million credit facility, while Gland Pharma's Cenexi received observations from France's drug regulator. CA Basque Investments reduced its stake in YES Bank, and Power Grid acquired MEL Power Transmission Ltd. REC plans to raise funds, and BEL secured new orders worth Rs 537 crore. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Markets traded range-bound but managed to close marginally in the green, taking a breather after Tuesday's decline. In today's trade, shares of Vedanta Power Grid , BEL among others will be in focus due to various news Resources (VRL), the London-based parent of India's Vedanta, is looking at refinancing credit facility worth $550 million, and is discussions with several lenders from Middle East, Europe and Japan, according to ET Pharma said its material subsidiary Cenexi has received a final inspection report from France's drug regulator ANSM citing 11 equity investor CA Basque Investments has pared its stake in YES Bank by 2.62% through an open market Power Grid has acquired MEL Power Transmission Ltd (MPTL), a special purpose vehicle, for a value of Rs 8.53 board has approved a proposal to raise up to Rs 1.55 lakh crore through the private placement of bonds or debentures. Bharat Electronics Ltd (BEL) announced it has received fresh orders worth Rs 537 crore since its last disclosure on May 16.
Mint
6 days ago
- Business
- Mint
BEL share price inches higher after receipt of ₹537 crore order. Details here
Bharat Electronics Ltd (BEL) inched higher on Wednesday, June 4, after the public sector undertaking (PSU) announced that it has bagged orders worth ₹ 537 crore since May 16. BEL shares gained over one per cent intraday during today's session before settling higher on the exchanges. 'Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL), has secured additional orders worth Rs.537 crore since the last disclosure on 16 May 2025. Major orders received include communication equipment, advanced composite communication system for ship,jammers, software, simulator upgrades, spares, test rigs, services etc.,' said BEL in a regulatory filing to the stock exchanges today. On Wednesday, shares of BEL opened at ₹ 387 crore and gained over one per cent to hit an intraday high of ₹ 391.20 crore before settling 1.22 per cent higher at ₹ 390.60 apiece on the BSE. BEL shares have rallied 25 per cent in one month and 33 per cent year-to-date. The PSU commands a market cap of ₹ 2,85,519.96 crore. BEL is a public sector aerospace and defence electronics company, headquartered in Bangalore. It primarily manufactures advanced electronic products for ground and aerospace applications. BEL is one of sixteen PSUs under the administration of Ministry of Defence of India. It has been granted Navratna status by the Government of India. BEL announced its January to March quarter results on May 19, 2025. The Navratna PSU recorded an 18 per cent rise in its fourth quarter net profits to ₹ 2,105 crore in the financial year 2024-25, compared to ₹ 1,784 crore in the same period a year ago, according to the standalone documents. The State-owned company's revenue from core operations rose nearly seven per cent to ₹ 9,119.7 crore in the fourth quarter of the 2024-25 fiscal year, compared to ₹ 8,528,5 crore in the same period in the previous financial year. The company's total expenses rose 1.6 per cent to ₹ 6,466.6 crore in the Janaury to March quarter of the 2024-25 fiscal, compared to ₹ 6,363.4 crore in the same period a year ago. BEL board of directors, along with the company's fourth quarter results, also recommended a final dividend of ₹ 0.90 per equity share of the face value of Re 1 apiece.
Mint
6 days ago
- Business
- Mint
BEL share price inches higher after receipt of ₹537 crore order. Details here
Bharat Electronics Ltd (BEL) inched higher on Wednesday, June 4, after the public sector undertaking (PSU) bagged orders worth ₹ 537 crore. 'Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL), has secured additional orders worth Rs.537 crore since the last disclosure on 16 May 2025. Major orders received include communication equipment, advanced composite communication system for ship,jammers, software, simulator upgrades, spares, test rigs, services etc.,' said BEL in a regulatory filing to the stock exchanges today.
