17 hours ago
BEL order wins: Navratna PSU secures Rs 585 crore in fresh defence contracts; new deals include missile sighting systems and communication gear
Navratna Defence Public Sector Undertaking Bharat Electronics Limited (BEL) has secured fresh orders worth Rs 585 crore since its last disclosure on June 5, the company said in a stock exchange filing.
Major components of the new orders include fire control and sighting systems for missiles, communication equipment, jammers, spares, and services, according to the disclosure filed with the NSE on Friday, as reported ANI.
BEL, which functions under the Ministry of Defence, is a multi-unit defence electronics major engaged in the design, development and manufacture of radars, weapon systems, C4I systems, military communication systems, electronic warfare and avionics, among other categories.
The company has also been diversifying into non-defence areas such as cyber security, homeland security, rail and metro solutions, and unmanned systems.
In a recent move to boost domestic capabilities, BEL signed a memorandum of understanding with Tata Electronics to jointly explore electronics and semiconductor solutions aligned with the Centre's vision of self-reliance.
Additionally, BEL and the Indian Army Air Defence have signed a contract for the Integrated Drone Detection and Interdiction System (IDDIS), developed in collaboration with DRDO. The system is aimed at tracking and neutralising hostile drones and is part of the government's Make in India push.
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