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Hans India
10-07-2025
- Business
- Hans India
Indian Navy signs contract with BEL for NMDA project
Visakhapatnam: With an aim to strengthen maritime and coastal security, the Indian Navy signed a contract with Bharat Electronics Limited (BEL), Bengaluru for the implementation of National Maritime Domain Awareness (NMDA) project. The contract was signed in the presence of Vice Admiral Tarun Sobti, Deputy Chief of the Naval Staff, and Manoj Jain, chairman and managing director of BEL. Entailing upgradation of the existing National Command, Control, Communication and Intelligence (NC3I) Network to NMDA Network along with incorporation of AI-enabled software, the project will bring in an integrated approach to data collation, analysis and information sharing among various maritime stakeholders. As part of the project, the existing Information Management and Analysis Centre (IMAC) at Gurugram, nodal centre of NC3I Network, will also be upgraded into a multi-agency The project will be executed on a 'turnkey basis' and will be administered by the Indian Navy.
Time of India
09-07-2025
- Business
- Time of India
BEL shares in focus after signing contract with Navy for NMDA project to boost maritime surveillance
Live Events BEL share price target (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Bharat Electronics (BEL) will be in focus on Wednesday after the Indian Navy signed a contract with the Navratna Defence PSU for the implementation of the National Maritime Domain Awareness (NMDA) project, aimed at strengthening coastal and maritime agreement involves upgrading the existing National Command, Control, Communication and Intelligence (NC3I) Network to the more advanced NMDA Network, which will incorporate artificial intelligence-based software solutions.'The project will bring in an integrated approach to data collation, analysis and information sharing amongst the various maritime stakeholders,' the Ministry of Defence said in a part of the upgrade, the Information Management and Analysis Centre (IMAC) in Gurugram — currently the nodal hub for the NC3I Network — will be developed into a multi-agency NMDA centre with personnel from different national project will be executed on a turnkey basis under the administration of the Indian Navy, the ministry month, BEL secured orders worth over Rs 3,000 crore, including two contracts valued at Rs 2,323 crore from Mazagon Dock Shipbuilders (MDL), Mumbai, and Garden Reach Shipbuilders & Engineers (GRSE), Kolkata. The contracts cover the supply of base and depot spares for missile systems deployed on Indian naval vessels — critical for maintaining the systems' operational June 6, BEL also entered a strategic partnership with Tata Electronics to explore opportunities in semiconductors and advanced electronics. The collaboration will focus on areas such as chip design, OSAT (Outsourced Semiconductor Assembly and Test), and fabrication, aligning with India's push for self-reliance in high-tech per Trendlyne, the average target price for BEL is Rs 416, implying a marginal downside of around 1% from current levels. Among the 24 analysts tracking the stock, the consensus rating is 'Buy'.So far in 2025, BEL shares have surged nearly 44% and delivered a strong return of 240% over the past two years. The company's current market capitalisation stands at approximately Rs 3,08,509 crore.: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
Economic Times
09-07-2025
- Business
- Economic Times
BEL shares in focus after signing contract with Navy for NMDA project to boost maritime surveillance
Shares of Bharat Electronics (BEL) will be in focus on Wednesday after the Indian Navy signed a contract with the Navratna Defence PSU for the implementation of the National Maritime Domain Awareness (NMDA) project, aimed at strengthening coastal and maritime security. ADVERTISEMENT The agreement involves upgrading the existing National Command, Control, Communication and Intelligence (NC3I) Network to the more advanced NMDA Network, which will incorporate artificial intelligence-based software solutions. 'The project will bring in an integrated approach to data collation, analysis and information sharing amongst the various maritime stakeholders,' the Ministry of Defence said in a statement. Also Read: 10 Nifty large-cap stocks with up to 38 buy calls; analysts see up to 20% upsideAs part of the upgrade, the Information Management and Analysis Centre (IMAC) in Gurugram — currently the nodal hub for the NC3I Network — will be developed into a multi-agency NMDA centre with personnel from different national project will be executed on a turnkey basis under the administration of the Indian Navy, the ministry added. ADVERTISEMENT Last month, BEL secured orders worth over Rs 3,000 crore, including two contracts valued at Rs 2,323 crore from Mazagon Dock Shipbuilders (MDL), Mumbai, and Garden Reach Shipbuilders & Engineers (GRSE), Kolkata. The contracts cover the supply of base and depot spares for missile systems deployed on Indian naval vessels — critical for maintaining the systems' operational efficiency. On June 6, BEL also entered a strategic partnership with Tata Electronics to explore opportunities in semiconductors and advanced electronics. The collaboration will focus on areas such as chip design, OSAT (Outsourced Semiconductor Assembly and Test), and fabrication, aligning with India's push for self-reliance in high-tech manufacturing. ADVERTISEMENT As per Trendlyne, the average target price for BEL is Rs 416, implying a marginal downside of around 1% from current levels. Among the 24 analysts tracking the stock, the consensus rating is 'Buy'. ADVERTISEMENT So far in 2025, BEL shares have surged nearly 44% and delivered a strong return of 240% over the past two years. The company's current market capitalisation stands at approximately Rs 3,08,509 crore. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
The Hindu
08-07-2025
- Business
- The Hindu
Indian Navy signs pact with BEL to boost maritime domain awareness and coastal security
The Indian Navy has entered into a contract with Bharat Electronics Limited (BEL) for the execution of the National Maritime Domain Awareness (NMDA) Project, aimed at strengthening maritime and coastal security. The contract was signed in the presence of Vice Admiral Tarun Sobti, Deputy Chief of Naval Staff, and Manoj Jain, Chairman and Managing Director of BEL. The Indian Navy announced that the project will bring in an integrated approach to data collation, analysis and information sharing amongst the various maritime stakeholders. The project entails upgrading the existing National Command, Control, Communication and Intelligence (NC3I) Network to the NMDA Network, along with the incorporation of AI-enabled software, it said. As part of the project, the existing Information Management and Analysis Centre (IMAC) at Gurugram, which is the nodal centre of the NC3I Network, will also be upgraded into a Multi-Agency NMDA Centre, hosting representatives from various national agencies. The project will be executed on a 'Turnkey Basis' and will be administered by the Indian Navy, it added.
