BEL receives orders worth Rs. 5900 Crore

New Delhi: Bharat Electronics Limited (BEL) has received orders worth Rs. 5900 Crore as of today in the financial year 2023-24.

The defence PSU received order for 2 Regiments of Improved Akash Weapon System (AWS) with upgrades from BDL for a value of Rs. 3914 Crore.

Akash is an all-weather, point/area air-defence weapon system intended for defending vulnerable points/areas against threats emanating from low, medium and high altitudes. The system uses high mobility vehicles for mobile application.

The improvements incorporated include high altitude operation, simultaneous engagement of multiple threats over 360 degrees, missiles fitted with RF Seeker and reduced foot print.

Other significant orders received inter-alia include orders for Shakti EW & Sanket MK III (Naval Systems), GBMES & GBVU Com Jammer systems, MKBT systems, IFF-MK-XII Crypto Modules & Up gradation of SDP & Display of Rohini Radar, Training system for CMS P15B & CAMC of CMS for P 28 etc.

In March, which was the final month of FY23, BEL received export orders worth $52 million. This included orders from France, Israel, and the United States, for a range of products including electronics assembly components, communication equipment, micro modules, and mechanical parts, the PSU had said in a statement.

In the trading session on June 20, BEL's shares marginally shot up after the company informed the stock exchanges that it has received orders worth Rs 5,900 crore in FY24 so far. The scrip, at the closing hour, settled at Rs 125.30 apiece at the BSE, which was 0.40 percent higher than the previous day's close.

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