This Multibagger Defence Stock won order worth of Rs 962 Crores

Bharat Electronics Ltd (BEL) has announced the receipt of orders totaling ₹962 crore, with a significant ₹610 crore contract from the Indian Navy. This major deal involves the supply of Electro-Optic Fire Control Systems (EOFCS) for the Navy’s new-generation offshore patrol vessels and cadet training ships. The EOFCS will enhance the Navy’s precision and operational capabilities, marking a significant step in modernizing its fleet.

In addition to the Indian Navy deal, BEL has secured orders worth ₹352 crore for various defense systems, further solidifying its position as a leading defense electronics company. These additional contracts include the supply of advanced communication systems, radar systems, and other critical defense technologies.

The new orders have increased BEL’s total order book to ₹11,855 crore for the current financial year, showcasing the company’s strong growth trajectory and its ability to secure high-value contracts. Despite a slight dip in share price, BEL’s net profit and revenue have shown significant growth, reflecting the company’s robust financial health and strategic focus on expanding its product portfolio.

This development highlights BEL’s crucial role in India’s defense sector and its ongoing commitment to delivering cutting-edge technology to the armed forces.