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DEFENCE MANUFACTURER BHARAT ELECTRONICS SECURES EXPORT ORDER WORTH RS 230 CRORE
The Business Guardian
|July 13, 2024
State-owned aerospace and defence electronics company Bharat Electronics Limited (BEL) has obtained an export order worth Euro 25.75 million (estimated value of Rs 230 crores) from Thales Reliance Defence Systems (TRDS) for the manufacture and supply of transmit-receive (TR) modules, the company informed stock exchanges on Friday.
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The TR modules will be used in the radars of fighter aircraft. Additionally, BEL has secured orders valued at Rs 192 crores following the last disclosure on June 28, 2024, which comprises communication equipment, encryptors, spares and services for radars, fire control systems etc. With these, BEL has now accumulated orders totalling Rs 5,225 crores in the current financial year. Shares of state-owned defence and aerospace company Bharat Electronics have been hitting all-time highs on and off, backed by a series of orders the firm received over the past months. At the time of filing this report, the shares were 0.8 p
Esta historia es de la edición July 13, 2024 de The Business Guardian.
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