Archive · 2 Jul 2025
HAL, BEL to Gain from Military Satellite Program, Say Analysts
The Indian government plans to launch many new spy satellites.
This is good news for companies like HAL and BEL.
HAL, which makes rockets, could be hired to launch some of these satellites, increasing their business.
BEL, which makes electronics, will likely be hired to make important parts for the satellites, like radar systems.
Experts think both companies will profit from these projects.
HAL and BEL are expected to gain from the government's Space-Based Surveillance-III Programme (SBS-III).
India will design, build, and deploy 52 military surveillance satellites.
HAL could win contracts to launch portions of the SBS-III fleet with its SSLV.
BEL is poised to benefit by producing radar and communication payloads for the new satellites.
InCred Equities has suggested 'Add' rating with a target price of Rs 6,325 on HAL and Rs 459 on BEL.
- Who
- HAL and BEL
- What
- HAL and BEL are expected to benefit from the SBS-III program for military surveillance satellites.
- When
- The SBS-III program is being fast-tracked.
- Where
- India
- Why
- The program will increase demand for Indian launch vehicles (HAL) and radar/communication payloads (BEL).
Impact on Stocks
Company Strategies
Business Opportunity
Impact on Stocks
HAL's SSLV could be the workhorse for SBS-III launches.
Company Strategies
BEL will likely produce electronics for the satellites.
- Companies Involved
- HAL and BEL
- Program
- Space-Based Surveillance-III (SBS-III)
- Number of Satellites
- 52
- HAL Target Price
- Rs 6,325 (InCred Equities)
- BEL Target Price
- Rs 459 (InCred Equities)
