BEL shares trade in green on securing orders worth ₹585 crore from MDL and GRSE

Shares of Bharat Electronics opened in the green after the company announced securing additional orders from MDL and GRSE. The shares opened at ₹411 apiece on the NSE on Monday.

Bharat Electronics has secured additional orders worth ₹585 crore. Major orders received include fire control and sighting systems for missiles, communication equipment, jammers, spares, service, etc.

Earlier, the company had secured orders worth ₹2,323 crore (excluding taxes) from MDL, Mumbai and GRSE, Kolkata, for the supply of base and depot spares for the missile systems on Indian Naval ships.

Earlier this month, the company signed a memorandum of understanding (MoU) with Tata Electronics towards the development of indigenous electronics and semiconductor solutions in line with the Government of India's vision for self-reliance. This MoU marks a significant step forward for BEL and Tata Electronics in jointly exploring end-to-end solutions to meet domestic requirements.

Bharat Electronics (BEL) is a multi-product, multi-technology, multi-unit conglomerate with various products in the areas of military communication, radars, naval systems, C4I systems, weapon systems, homeland security, telecom & broadcast systems, electronic warfare, tank electronics, electro-optics, professional electronic components and solar photovoltaic systems.