Bharat Electronics gains after signing deal worth ₹593 crore with Indian Air Force

Bharat Electronics has signed a contract with Indian Air Force valued at ₹593.22 crore for providing maintenance services for the Akash Missile System, which was supplied by Bharat Electronics, the company said in an exchange filing.

"With this, BEL has commenced the current financial year 2025-26 with ₹593.22 crore order acquisition. Further, the company has concluded negotiations with customers for acquisition of orders worth ₹5,000 crore," Bharat Electronics said.

The company achieved a turnover of ₹23,000 crore in the financial year 2024-25.

According to reports, the turnover was lower than the company’s FY25 order inflow guidance. The growth is, however, 16% higher than the previous year when the defence PSU’s turnover was registered at ₹19,820 crore in FY24.

This includes exports of around $106 million during FY25, as compared to the previous year's export turnover of $92.98 million, registering a growth of 14%.

Bharat Electronics on Tuesday said that in the fiscal year 2024-25 it secured orders worth ₹18,715 crore.

“Some of the major orders received during the year are BMP II Upgrade, Ashwini Radar, Software Defined Radios, Data Link, Multi-Function Radars, AEON 51, Seekers, Anti-Drone System, Airport Surveillance Radar, Sonar Upgradation, Flycatcher Spares, Radar Upgradation, Spares and Services, etc., and other projects in the non-defence sector,” the company had said in a statement to the stock exchanges.

As of 10:10 am, Bharat Electronics shares traded 0.67% higher at 284.30, outperforming the NIFTY50 index which was up 0.23%.