Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Jun 28, 2024

BEL Bags Rs 3,172 Crore Order From Armoured Vehicles Nigam

BEL Bags Rs 3,172 Crore Order From Armoured Vehicles Nigam
Bharat Electronics Ltd.'s office in Bengaluru. (Source: BEL's official website.)

Bharat Electronics Ltd., a Navratna defence public sector undertaking, secured an order worth Rs 3,172 crore from Armoured Vehicles Nigam Ltd.

The contract includes the supply and installation of an advanced, indigenously designed and developed fire control system for the tanks of the Indian army, along with a comprehensive engineering support package, according to an exchange filing on Friday.

The company also secured an additional order for Rs 481 crore. It comprises doppler weather radar, classroom jammers, spares, and other services.

In the current fiscal year, the defence electronics manufacturer won an aggregate order of Rs 4,803 crore, it said.

In February, BEL also secured a Rs 2,167.5 crore order from the Indian Navy to supply electronic warfare suites for use on-board warships.

Shares of BEL closed 0.56% higher at Rs 306.20 apiece, compared to a 0.27% fall in the benchmark BSE Sensex.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search