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Business Standard
3 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.
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Business Standard
4 days ago
- Business
- Business Standard
BEL bags ₹537 crore in fresh defence orders for ship systems and upgrades
Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, has secured additional orders worth ₹537 crore since the last set of orders announced on 16 May 2025. The new orders comprise communication equipment, an advanced composite communication system for ships, jammers, software, simulator upgrades, spares, test rigs, and related services. Earlier orders in May totalled ₹572 crore On 16 May, BEL had announced the receipt of orders amounting to ₹572 crore since 7 April 2025. These included Integrated Drone Detection and Interdiction Systems (IDDIS), Software Defined Radios (SDR), Data Communication Units (DCU) for attack guns, AI-based solutions for ships, simulators, communication equipment, jammers, spares, and related services. BEL reported a 15 per cent year-on-year rise in net profit to ₹2,127 crore for the fourth quarter of financial year 2024–25, compared to ₹1,796.67 crore in the same quarter of the previous year. Revenue from operations increased by 6 per cent to ₹9,149.59 crore in Q4FY25, up from ₹8,564.08 crore in Q4FY24. Total expenses for the quarter were ₹6,476.97 crore, marking a 1.2 per cent increase from ₹6,399.44 crore in the year-ago quarter.
