Shares of the state-owned Bharat Electronics Ltd. (BEL) were trading in the green and 1% higher on 10 February after the company announced securing new orders.
In its regulatory filing, the company said that it had obtained contracts totalling Rs 962 crore, including a Rs 610 crore agreement to supply an Electro-Optic Fire Control System (EOFCS) to the Indian Navy. An electro-optical fire control system called the EON-51 seeks, detects, and categorizes targets using thermal and electro-optical imaging technology.
In a filing with the bourses, BEL said, “This fully indigenously developed system will be installed and integrated onboard Indian Naval Platforms. The system is capable of panoramic/sector search, tracking all types of targets during day/night and engages the tracked targets with the medium range and short range gun mounts.”
The Ministry of Defense said that it has signed a contract with Bharat Electronics Limited (BEL) in New Delhi to buy 28 EON-51 systems. Eleven new-generation offshore patrol ships and three cadet training ships will be equipped with this equipment by the Indian Navy. The deal is worth Rs 642.17 crore, including taxes, and is categorized as a Buy (Indian-IDDM) arrangement.
Furthermore, since its last announcement on 28 January 2025, BEL has received fresh orders totalling Rs 352 crore. Among them are contracts for services, spare parts, anti-drone systems, integrated fire detection and suppression systems, fuzes, and vessel communication systems. With these additions, BEL’s order book for the fiscal year now stands at Rs 11,855 crore.
However, at 12:49 pm, the shares of Bharat Electronics were trading 0.27% lower at Rs 276.30 on NSE.
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