BEL bags fresh orders worth ₹634 crore

Navratna defence PSU Bharat Electronics Limited (BEL) has bagged additional orders worth ₹634 core, over and above it got to the tune of ₹500 crore two days ago, for maintenance of indigenously developed Akash missile system, communication equipment, telescope sights for guns, jammers and spare parts.

The defence PSU said on Monday that it has secured additional orders worth ₹634 crore, taking the order book position, as per its exchange filling, to over ₹8,000 crore this financial year.

As of October 1, this year, BEL’s order book position was ₹74,595 crore, the company informed.

The recent orders, which include that of ₹500 crore it received on Sunday, include the maintenance of Akash missile systems, supply of EMI shelters, and spare parts for radar and communication systems.

The company is seeking to achieve target of ₹25,000 crore for the FY 2024-25, banking on expectation of getting ₹2,500 crore worth contract for Ashwini Radar, Electronic Warfare suite for MI-17 helicopters which is to the tune of ₹2,000 crore, and Shakti phase IV too is for another ₹2,000 crore.

The company as of September 11, this year, had already managed to get orders worth ₹1,155 crore, aggregating the total order book to ₹7,075 crore by that time.

Prior to that time period, the state-owned aerospace and defence electronics company revealed in July that it had also obtained an export order worth €25.75 million which worked out to ₹230 crore from Thales Reliance Defence System for the manufacture and supply of transmit-receive modules

The healthy pipeline which is projected to support the BEL’s growth in the coming quarters is built on the DPSU’s specialisation in the design, development, manufacture, and supply of products and systems that have defence and non-defence applications.

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