Shares of Bharat Electronics Ltd rallied 4% on 8 April after the company announced a contract worth Rs 2,210 crore from the Ministry of Defence.
In its regulatory filing, the company said that it had signed a contract worth Rs 2,210 crore with the Ministry of Defence for supplying EW Suite for Mi 17 V5 Helicopters of the Indian Air Force. These systems are designed and developed by DRDO and CASDIC and are manufactured by the company.
The Electronic Warfare (EW) Suite includes a Radar Warning Receiver (RWR), Counter Measure Dispensing System (CMDS), and Missile Approach Warning System (MAWS), all of which play a crucial role in boosting the combat survivability of helicopters by providing timely alerts and deploying effective countermeasures, the company noted.
As of 1 January 2025, the company’s order book stands at Rs 71,100 crore. For FY’25, it is targeting order inflows of Rs 25,000 crore, of which Rs 11,000 crore has already been secured. The management remains optimistic about meeting its target, pointing to key project finalizations expected in the next couple of months.
Several major contracts are currently in the pipeline, including deals for the Ashwini Radar, Electronic Warfare systems for MI-17 helicopters, HimShakti Phase 4, and the Quick Reaction Surface-to-Air Missile (QRSAM) system. The QRSAM project, estimated at Rs 25,000–30,000 crore, is expected to materialize within 6–8 months. Meanwhile, orders for the MRSAM and MFSTAR systems, valued between Rs 14,000–15,000 crore, are likely to be finalized in the next financial year.
On 2 April, the company entered into a contract with the Indian Air Force valued at Rs 593.22 crore (excluding taxes) to provide maintenance services for the Akash Missile System.
In March, the company secured a Rs 2,463 crore order from the Indian Air Force for Ashwini Radars and received additional orders amounting to Rs 2,805 crore.
For the financial year 2024–25, the company reported a turnover of approximately Rs 23,000 crore, which includes export sales of about USD 106 million.
At 11:32 am, the shares of Bharat Electronics were trading 1.86% higher at Rs 277.15 on NSE.
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