Page 2 - Bharat Electronics Limited

Triton EV issues Rs 8,060 cr LoI to BEL for purchase of battery packs

Electric vehicle maker Triton Electric India has issued a letter of intent to defence public sector unit Bharat Electronics for the procurement of battery packs for its semi-truck project in India at an estimated value of Rs 8,060 crore, according to a regulatory filing. The 300 kilowatt lithium-ion battery packs are to be delivered by Bharat Electronics (BEL) to Triton in 24 months commencing from January 2023, the filing stated. "Triton Electric Vehicle India Pvt Ltd, a part of Triton Electric Vehicle LLC, USA today issued a letter of intent to Navaratna Defence PSU Bharat Electronics for procurement of 300 KW Li-Ion battery packs for its semi-truck project in India at an estimated value of Rs 8,060 crore," the filing said. BEL chairman and managing director Dinesh Kumar Batra received LoI from Triton Electric Vehicle LLC CEO and Founder Himanshu B Patel at Defexpo 2022 in Gandhinagar. "The purchase order for first-off quantity with 100 per cent advance payment has been handed ov

BEL to manufacture Hydrogen fuel cells with technology from US-based TEV

Navratna defence PSU Bharat Electronics Ltd has signed an MoU with US-based Triton Electric Vehicle for manufacturing Hydrogen fuel cells with technology transfer from the latter to meet the requirements of the Indian market and mutually agreed export markets. The Memorandum of Understanding (MoU) aims at tapping the demand for clean energy solutions for various applications, including e- mobility, by leveraging central government's thrust for adoption of clean energy fuels for applications in transport and energy storage, the Bengaluru-headquartered company said in a statement. TEV has set up its R&D centre and manufacturing facility in India. It has recently forayed into Hydrogen-run vehicles and started the journey of manufacturing Hydrogen-run two-wheelers, three-wheelers and buses, according to the statement.

BEL, UK-based Smith Detection to build high-tech scanners within 3 years

Under the deal, BEL will handle front-end requirements in the market and support localisation of projects, while Smiths Detection will provide screening tech

NMDC to be excluded from Nifty CPSE index over move to hive off steel arm

NMDC shares drop 5.3%; ONGC, Coal India and Bharat Electronics likely to see inflows of $31-46 million on account of the rebalancing

Here's why Vinay Rajani recommends buying TVS Motors, Bharat Electronics

The technical analyst from HDFC Securities expects near-term support for the Nifty at 16,300, below which it can slide to 16,000-mark.

BEL signs pact for providing reliable power supply to security forces

The Bharat Electronics Limited (BEL) has signed a pact for providing reliable and sustainable power supply to security forces operating in remote, Naxal-affected and high-altitude areas

BEL pays Rs 174 crore interim dividend for FY 2020-21 to defence ministry

The firm paid the dividend to the defence ministry, according to an official statement

BEL makes 30,000 ventilators 'in record time' to help govt in Covid fight

Bharat Electronics Limited, a Navratna PSU under the Ministry of Defence, on Friday announced the successful completion of manufacturing 30,000 numbers of ICU Ventilators in a 'record time' to help the Governmet of India in its efforts in combating the COVID-19 pandemic. Ministry of Health & Family Welfare placed an order for these 30,000 ICU Ventilators in April 2020 to meet the healthcare infrastructure requirements of the nation, seeing the rise in COVID cases, Bengaluru-headquartered BEL said in a statement. BEL has manufactured the ICU Ventilator, Model CV 200, based on licensing agreement with Skanray Technologies Private Ltd, Mysuru, and design support from DRDO. "The indigenisation efforts of DRDO, BEL and Skanray in addressing the non-availability of critical components like highly complex medical grade miniature proportional valves, on/off solenoid valves, oxygen sensors and flow sensors was certainly a game changer as India can now boast of a capable and .

Lockheed Martin, BEL to explore opportunities in F-21 fighter jet programme

Lockheed Martin has exclusively offered its F-21 military aircraft to India, with an eye to bag the Indian Air Force's $18 billion dollar deal to procure 114 jets.

Strong order pipeline, better margins accelerate Bharat Electronics stock

For FY20, the firm has generated orders worth Rs 9,000 crore. Achieving its full-year guidance of Rs 15,000 crore may now not be difficult, say analysts

BEL eyes EVM, VVPAT, defence orders as it aims at Rs 10,000 cr in revenues

Public sector Bharat Electronics Ltd (BEL) is looking at a fresh order for Electronic Voting Machines (EVM) and Voter Verifiable Paper Audit Trail (VVPAT) systems to boost revenues in the current fiscal, while also expecting to make more deliveries for the Akash Missile system to India's armed forces. BEL, which reported a revenue of Rs 8,825 crore for the year that ended March 31, says it is confident about breaching the Rs 10,000 crore revenue mark in the current fiscal. The revenue growth will come despite the firm moving away from being a manufacturer to more of a system integrator, it said. An order worth Rs 1,500 crore for a delivering a little over eight lakh VVPAT machines has been received by BEL, which the company will have to fulfill before September 2018. The firm has also won a separate order for EVMs, which will not only augment its revenues but also help in boosting its share of earnings from non-defence sources. "The decision of the Election Commission is that ...

Bharat Electronics' strong rally has more steam left

Clarification over missile orders and business from EVM sales to boost earnings

Institutional portion of Bharat Electronics share sale subscribed two times

The Rs 1,670-crore share sale in Bharat Electronics Ltd (BEL) garnered encouraging response on Wednesday, with the institutional investors' portion getting subscribed more than two times.The government is divesting five per cent stake in BEL through an offer for sale (OFS) at a floor price of Rs 1,498 per share as a part of 2016-17 disinvestment programme. The 2.23 million shares for retail investors will be auctioned on Thursday. The government currently holds 74.41 per cent in BEL.On Wednesday, the OFS attracted bids 20.9 million bids as against 8.9 million on offer. In case there is a shortfall in the retail demand, the shares will be allotted to institutional investors.LIC was among the bidders, said people in the know. Shares of BEL ended 3.2 per cent lower at Rs 1,510 in the secondary market trading. Retail investors are being offered fiver per cent discount on the cut-off price.The OFS was managed by SBICAP Securities),ICICI Securities, Edelweiss Securities and Deutsche ...

BEL posts Rs 1,809 crore profit after tax

Company registered a turnover of Rs 7,522 crore in 2015-16 compared to Rs 6,695 crore in 2014-15