The rise in the BEL share price came on the back of an additional order win worth Rs 561 crore
On the bourses, BEL and Data Patterns have given solid returns. On a year-to-date (Y-T-D) basis, BEL soared over 59%, while Data Patterns gained 35%
PSU major Bharat Electronics' new contracts platform screen doors for metro rail, radars, communication equipment and more
The uptick in the BEL share price came on the back of an additional order win worth Rs 634 crore
The Defence Acquisition Council (DAC) accorded Acceptance of Necessity for five capital acquisition proposals worth over Rs 21,772 crore.
Akash surface-to-air missile system battery being exported to 'friendly foreign country', widely speculated to be Armenia, though not officially confirmed
PSU stocks such as ONGC, HAL, Oil India, SJVN and BEL have retraced up to 50% of its previous rally; tech charts indicate that as long as the recent lows are protected a bounce back seems likely.
BEL share rises on securing additional orders worth Rs 500 crore; details
Navratna defence PSU Bharat Electronics Limited (BEL) and Israel Aerospace Industries (IAI), Israel's leading aerospace and defence company, have announced the establishment of a joint venture company (JVC), which has been incorporated in the name of BEL IAI AeroSystems Private Ltd. The JVC with its registered office in Delhi shall be the single point of contact (SPOC) for extending long-term product support to the Medium Range Surface-to-Air Missile (MRSAM) systems of India's defence forces, Bengaluru-headquartered BEL said in a statement on Thursday. "The partnership marks another significant step in cementing the relationship between the two companies that have a long history of association for strategic programmes. BEL and IAI are collaborating on several joint programmes for the Tri-services," it said. BEL said the JVC has been set up to provide life cycle support, both technical and maintenance related, for MRSAM air-defence systems of the country. MRSAM is an advanced, ...
BEL share price dropped despite the company securing the Ministry of Corporate Affairs (MCA) approval to incorporate 'BEL IAI AeroSystems Private Limited'.
Navratna Defence PSU Bharat Electronics Limited has secured an order worth Rs 850 crore from Cochin Shipyard Limited for the supply of indigenous Multi-Function Radar in X Band on Wednesday. The fully indigenous radar, designed by DRDO and manufactured by Bharat Electronics Limited (BEL), is capable of detecting, acquiring and tracking airborne targets to provide protection for naval ships, according to a press release. T D Nandakumar, General Manager (ADSN), BEL, received the order from Sreejith, Director (Operations), Cochin Shipyard Limited (CSL), in the presence of K V Suresh Kumar, Director (Marketing), BEL, V J Jose, Director (Finance), CSL, and Prabha Goyal, Executive Director (National Marketing), BEL.
In the past two months, major PSE index constituents are experiencing profit booking. Here's how analysts view the space
The rise in share price came on the back of an order win worth Rs 3,172 crore from Armoured Vehicles Nigam Limited (AVNL)
The stock of state-owned defence company is quoting higher for the sixth straight trading days and zoomed 26 per cent during the period
The Government of India's initiatives to make India self-reliant in providing weapon systems to the Indian Armed Forces and clearance for export to FFCs have opened plenty of opportunities for defense
Electronics Corporation of India Ltd and Bharat Electronics Ltd have refused to disclose the names and contact details of the manufacturers and suppliers of various components of EVMs and VVPATs under the RTI Act citing "commercial confidence", according to RTI responses from the PSUs to an activist. Activist Venkatesh Nayak had filed two identical Right To Information applications with the ECIL and BEL, seeking the details of the manufacturers and suppliers of various components used in the assembling of the electronic voting machines (EVMs) and voter-verifiable paper audit trail (VVPATs). The VVPAT is an independent vote verification system which enables electors to see whether their votes have been cast correctly. The ECIL and the BEL, public sector undertakings under the Ministry of Defence, manufacture EVMs and VVPATs for the Election Commission. Nayak also sought a copy of the purchase orders for the components from both PSUs. "Information sought is in commercial confidence.
In past 15 trading days, the stock of state-owned defence company has surged 27 per cent and zoomed almost 70 per cent in the last six months.
Analysts at Jefferies see up to 32% further upside on Data Patterns stock, and up to 18% and 10% for BEL and HAL; owing to global geo-political tensions and India's focus on self-reliance.
Shares of Bharat Electronics (BEL) hit a new high of Rs 221.40 on the BSE in Tuesday's intra-day trade amid heavy volumes
According to analysts, the company's revenue growth is expected to be steady with an operating margin of around 19-21%, supported by a healthy order pipeline and improving geographical mix.