BEL, BDL shares rise after Army issues ₹30,000 crore ‘Anant Shastra’ air defence tender: Report

Shares of Bharat Electronics Ltd (BEL) and Bharat Dynamics Ltd (BDL) gained more than 2% in Monday’s trade after the Indian Army issued a tender worth nearly ₹30,000 crore for the procurement of the indigenously developed ‘Anant Shastra’ surface-to-air missile systems.

BEL rose as much as 3% to hit an intraday high of ₹405.75, while BDL advanced 2.08% to ₹1,529 on the National Stock Exchange.

According to an ANI report, the Army plans to acquire five to six regiments of the ‘Anant Shastra’ missile weapon system, also known as the Quick Reaction Surface-to-Air Missile (QRSAM), with BEL designated as the lead integrator. The project, cleared earlier this year by the Defence Acquisition Council, is aimed at bolstering India’s air defence capabilities along sensitive borders with Pakistan and China.

The system, mounted on high-mobility vehicles, can engage multiple aerial threats including fighter aircraft, drones, and helicopters at ranges of 30–40 km and altitudes of up to 10 km, complementing existing Akash and MRSAM systems, ANI report added.

Bharat Electronics already enjoys a robust pipeline of orders. As of April 2025, the company’s order backlog stood at around ₹71,650 crore with several fresh contracts added in recent months across radars, communication equipment, and electronic warfare systems.

Analysts note that the new tender could significantly expand BEL’s already strong book and provide multi-year revenue visibility. BDL, which manufactures missile systems, is also expected to benefit from its role in the supply chain for the project.

Bharat Electronics Q1 earnings

Bharat Electronics Ltd (BEL) recorded a 22.61% increase in its consolidated net profit attributable to owners of the company at ₹969.91 crore in the first quarter of the financial year 2025-26, the company said in an exchange filing on Monday, July 28.

It had posted a post-tax profit of ₹791 crore a year back.

Its revenue from operations climbed 4.62% to ₹4,439.74 crore in Q1 FY26, compared to ₹4,243.57 crore in the same period of the previous fiscal.

BEL's earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at ₹1,238 crore in the April-June quarter of the current fiscal year, as against ₹948 crore a year. This reflects year-on-year (YoY) increase of 30.59%.

The EBITDA margin was at 27.89% vs 22.34% a year back.

As of 10:31 am, Bharat Electronics shares traded 3% higher at ₹408 and Bhatat Dynamics shares rose 1.86% to ₹1,525.