Bharat Electronics Limited (BEL) Secures ₹2463 Crore Defence Order for Radar Systems

Market Performance

Bharat Electronics Limited (BEL) 's share price increased during the morning trading session on Thursday following its announcement of a new defence contract. The company disclosed that it has secured an order worth ₹2463 crore from the Indian Air Force to supply radar systems.

Defence Contract Announcement

On Wednesday, post-market hours, BEL formally announced that it had received a contract from the Ministry of Defence valued at ₹2463 crore (excluding taxes). This agreement is specifically for the provision and associated services of Ashwini Radars.

Radar System Details

BEL, a Navratna Defence Public Sector Undertaking (PSU), supplies Ashwini Radars, which have been developed in collaboration with the Defence Research and Development Organisation . These radars incorporate Active Electronically Scanned Array (AESA) technology and include an integrated Identification Friend or Foe (IFF) system.

Key features of these radars include:

• Electronic scanning capabilities in both vertical and horizontal directions.
• 4D surveillance functionality.
• Mobility across diverse terrains.
• Advanced Electronic Counter-Countermeasures (ECCM) features.
• Automated detection and tracking of aerial targets, ranging from high-speed fighter jets to slow-moving objects.

BEL Market Performance

On Thursday, BEL share price kicked-off at ₹282.45 on the Bombay Stock Exchange (BSE), reflecting an increase of nearly 2% from the previous day's closing price of ₹276.75. The share price subsequently reached an intraday high of ₹283.50, marking a gain of approximately 2.5%.

While the share price has undergone corrections since its peak in July 2025, it has shown an upward trend recently. Year-to-date, BEL shares have declined by over 3%, which is in line with broader market movements. However, in the past month, the stock has appreciated by more than 8%, surpassing the Nifty 50 Index, which has registered a decline of around 3% during the same period.

Financial Performance

Over the years, BEL's stock has demonstrated substantial growth. The share price, below ₹100 in March 2023, has more than doubled since then. Recent trends indicate a steady upward movement in the company's stock value.

Summary

BEL's announcement of securing a ₹2463 crore defence contract from the Indian Air Force has positively influenced its stock performance. The Ashwini Radars, developed in collaboration with DRDO, feature advanced electronic scanning and surveillance capabilities. While BEL shares have experienced fluctuations over time, they have shown resilience and growth in recent months. The company's long-term trajectory reflects its role in the defence sector, driven by indigenous technological advancements.