Newsletter
Bharat Electronics announced a new order win of ₹871 crore. The company’s stock went up 2% on the back of this news.
The deets: orders include dispatch of a fire control system, thermal imager, ground support equipment, upgrades, spares, services etc.
FYI: the announcement comes just two days after BEL secured ₹721 crore in orders for drone systems, communication gear, and other defence equipment.
Big picture: the news also comes amid rising security concerns in the country, driving demand for indigenised, high-quality defence systems. With this order, BEL’s order book now exceeds ₹74,453 crore. The update also lifted the stock, supported by a strong Q2 performance.
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