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Business Standard
5 days ago
- Business
- Business Standard
Bharat Electronics receives orders of Rs 2,323 cr
Bharat Electronics has received orders from MDL, Mumbai and GRSE, Kolkata totally valued at Rs. 2,323 crore (excluding taxes) for supply of base and depot spares for the missile systems on Indian Naval ships. The spares will ensure operational continuity of onboard mission critical by Capital Market - Live News
News18
5 days ago
- Business
- News18
BEL Share Price: Bharat Electronics Gets Rs 2,323-Crore Orders From Mazagon Dock, Garden Reach
Curated By : Last Updated: June 05, 2025, 18:58 IST Shares of BEL on Thursday rose 1.04% to hit its all-time high of Rs 394.7 apiece. Bharat Electronics Ltd (BEL), a government-owned defence equipment supplier, on Thursday said it has bagged orders worth Rs 2,323 crore from other PSUs Mazagon Dock Ltd (MDL) and Garden Reach Shipbuilders & Engineers (GRSE). This is the second order in two days for BEL. The latest order is for supply of base and depot spares for the missile systems on Indian Naval ships. 'Navratna defence public sector undertaking, Bharat Electronics Limited (BEL), has received orders from MDL, Mumbai and GRSE, Kolkata totally valued at Rs 2,323 crore (excluding taxes) for supply of base and depot spares for the missile systems on Indian Naval ships. The spares will ensure operational continuity of onboard mission critical equipment," BEL said in a BSE filing. On Wednesday, BEL had said it had won additional orders worth Rs 537 crore since its last disclosure on May 16, which pertained to major orders for communication equipment, advanced composite communication system for ship, jammers, software, simulator upgrades, spares, test rigs, services and other utilities. In the current financial year 2025-26, BEL has won orders more than Rs 6,200 crore, which is already close to 25% of its full-year guidance of Rs 27,000 crore. Bharat Electronics had mentioned that the full-year order inflow could cross Rs 57,000 crore, in case it manages to secure the Quick Reaction Surface To Air Missiles (QRSAM) orders this year. BEL Share Price At All-Time High Shares of BEL on Thursday rose 1.04% to hit its all-time high of Rs 394.7 apiece. The stock, however, closed at Rs 393.5 apiece, which was 0.74% higher than the previous close of Rs 390.60. BEL Stock Price. The stock has surged by 24.85% in the past one month and by 33.9% in the current year since January 1 till June 5. With this, BEL is currently the best-performing stock on the Nifty 50 index in 2025 so far. In the past one year, Bharat Electronics' shares have jumped 49%. Swipe Left For Next Video View all Other Major Defence Deal Today Dassault Aviation and Tata Advanced Systems have signed four Production Transfer Agreements to manufacture the fuselage for Rafale fighter jets in India. This marks a major step forward in defence manufacturing under the 'Make in India' initiative and represents the first time Rafale fuselages will be produced outside France. The collaboration aims to establish a state-of-the-art production line capable of supporting India's defence self-reliance goals. Mohammad Haris Haris is Deputy News Editor (Business) at He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso... Read More Haris is Deputy News Editor (Business) at He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso... Read More Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. News business » markets BEL Share Price: Bharat Electronics Gets Rs 2,323-Crore Orders From Mazagon Dock, Garden Reach
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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.
Business Upturn
5 days ago
- Business
- Business Upturn
Bharat Electronics secures Rs 2,323 crore orders from MDL and GRSE
Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL), has announced the receipt of prestigious orders worth ₹2,323 crore (excluding taxes) from two major Indian shipyards — Mazagon Dock Shipbuilders Limited (MDL), Mumbai, and Garden Reach Shipbuilders & Engineers (GRSE), Kolkata. These orders are for the supply of base and depot spares for missile systems installed on Indian Naval ships. The spares will support the operational readiness and ensure uninterrupted functionality of mission-critical equipment onboard. In teh excahgne filing, the company shared, 'Bharat Electronics Limited (BEL), has received orders from MDL, Mumbai and GRSE, Kolkata totally valued at Rs. 2,323 Crore (excluding taxes) for supply of base and depot spares for the missile systems on Indian Naval ships. The spares will ensure operational continuity of onboard mission critical equipment.' In the meantime, yesterday, the company also bagged new orders worth ₹537 crore. The company announced the development on June 4. The contracts cover key defence and communication systems, including shipborne communication, jammers, software, simulators, spares, and test rigs. BEL stated these orders further strengthen its position in India's defence electronics sector. BEL, a key player in India's defence electronics sector, continues to strengthen its role in supporting the Indian Navy's modernization and combat preparedness. The new contracts reinforce BEL's long-standing commitment to indigenization and self-reliance in defence manufacturing, aligning with the Government of India's 'Atmanirbhar Bharat' initiative. 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
Hans India
18-05-2025
- Business
- Hans India
India to showcase Dornier aircraft, Naval ship at Malaysian exhibition
Dornier aircraft and an Indian Naval Ship will be among the highlights of the Indian Pavilion at the 17th edition of Langkawi International Maritime and Aerospace Exhibition (LIMA 2025), being held at Langkawi, Malaysia from May 20 to 24, an official said on Sunday. Minister of State for Defence Sanjay Seth will lead an Indian delegation at the exhibition and inaugurate the country pavilion. Many Defence PSUs, including Mazagon Dock Shipbuilders Limited, Bharat Dynamics Limited, BEML, Hindustan Aeronautics Limited and Gliders India Limited and private defence companies will be participating in the exhibition, showcasing the Indian defence industry prowess. This year, Indian assets, including Dornier aircraft and an Indian Naval Ship, will also participate in LIMA 2025. On the sidelines of the exhibition, Seth will also call on Malaysian Minister of Defence Dato' Seri Mohamed Khaled bin Nordin. The visit will further consolidate the bilateral defence cooperation and the Comprehensive Strategic Partnership. India and Malaysia have a robust and multifaceted relationship which has expanded into several strategic areas, including defence and security. Both the countries are committed to work under the vision of Comprehensive Strategic Partnership established during the visit of the Prime Minister of Malaysia in 2024. LIMA, established in 1991 and held biennially, is regarded as one of the largest and most significant maritime and aerospace exhibitions in the Asia-Pacific region. In a separate development related to the Defence Ministry, Rajesh Kumar Singh, Defence Secretary, concluded his two-day visit to Eastern Naval Command at Visakhapatnam on Friday. During the visit, the Defence Secretary interacted with Vice Admiral Rajesh Pendharkar, Flag Officer Commanding-in-Chief, Eastern Naval Command. He was briefed on the Command's operational capabilities and key activities. He was also provided a detailed overview of ongoing and planned infrastructure development projects on the East Coast that are aimed at further enhancing naval operational and strategic capabilities.
