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Bharat Electronics just bagged fresh orders worth ₹644 crore, adding to its already hefty order book. Investors cheered the update, with the stock climbing higher in Tuesday’s session.
What’s happening: the PSU firm did not disclose the details of the clients from whom these orders were received. The major orders include data centre, ship fire control system, tank navigation system, communication equipment, seekers, jammers, simulators, electronic voting machines, upgrades, spares, and services.
Company’s orderbook: as of April 1, BEL’s order book stood at ₹71,650 crore. Since the start of the financial year, it has announced order inflows of ₹7,348 crore, 27% of its full-year guidance of ₹27,000 crore (excluding a ₹30,000 crore missile order).
Looking ahead, BEL has highlighted a strong pipeline of orders worth ₹1 lakh crore, expected over the next 18-24 months.
