Rs 71,100 Crore Order Book: This Defence Stock Bags CY25’s Largest Single Order So Far – Do You Hold It?
With these, the total accumulated orders received by company during the current financial year stand at Rs 13,147 crore.
The NSE benchmark Nifty50 ended with a modest loss of 0.09 per cent, marking a negative close for the third straight session on Thursday. However, for the second day in a row, the broader markets outperformed, led by the Nifty Smallcap Index, which gained 1.43 per cent. Considering the outperformance of the broader markets, stock-specific action continued on D-Street.
One of the stocks from the defence sector that garnered the attention of market participants was Bharat Electronics Ltd. Bharat Electronics (BEL) gained 2.70 per cent on Thursday, with the stock witnessing strong volumes in the second half of the trading session.
The stock was in focus as the company signed a contract worth Rs 1,034 crore (excluding taxes) with the Ministry of Defence for the supply of Software Defined Radios (SDR) and Data Communication Terminals (DCT) for the Indian Coast Guard. The state-of-the-art radios, indigenously developed jointly by DEAL (DRDO) and BEL, support multi-band, multi-channel, multi-role/mission operations to meet the needs of network-centric warfare. The DCT system enables communication between shore and ships with the required accuracy, speed, security, and reliability for critical missions.
This order marks the highest single order received by the company in CY2025 so far. In addition to this, BEL has secured other orders worth Rs 258 crore, which include earth stations for satellite communication, laser range finders, fire control centres, command and control posts, communication equipment for weapon systems, head-up displays, spares, services, etc., since the last disclosure on February 8, 2025. With these, the total accumulated orders received by BEL during the current financial year stand at Rs 13,147 crore.
Bharat Electronics reported that its order book as of January 1, 2025, stood at Rs 71,100 crore.
Disclaimer: The article is for informational purposes only and not investment advice.