1 week ago
Bharat Electronics Secures Rs 730 Crore Defence Orders
Bharat Electronics, or BEL, makes electronic equipment for India’s defence forces.
The company received new orders worth Rs 730 crore in August.
These orders include radars, communication equipment, aircraft electronics and cybersecurity systems.
BEL had already received Rs 541 crore in orders earlier in the month.
Together, the article says August orders totalled Rs 1,271 crore, although its headline says more than Rs 1,270 crore.
BEL also has a large order book worth Rs 72,258 crore.
The company expects more large defence orders in the future.
It hopes these orders will help it reach more than Rs 55,000 crore in new orders during FY27.
Bharat Electronics secured additional orders worth Rs 730 crore after its August 10 disclosure.
The new orders cover communication equipment, radars, avionics, cybersecurity, tank subsystems and security systems.
Including earlier orders worth Rs 541 crore, BEL’s August inflow was reported as Rs 1,271 crore.
BEL had an order book of Rs 72,258 crore as of July 1 and received Rs 3,754 crore in Q1FY27.
The company is targeting more than Rs 55,000 crore in FY27 orders, led by potential QRSAM and platform programmes.
- Who
- Bharat Electronics (BEL), led by Chairman and Managing Director Manoj Jain.
- What
- BEL secured additional defence and other electronics orders worth Rs 730 crore.
- Where
- India; BEL is headquartered in Bengaluru.
- When
- The orders were announced after August 10; the article also discusses Q1FY27 and the FY27 outlook.
- Why
- The orders add to BEL’s order book and support its target of securing more than Rs 55,000 crore in FY27 orders.
Key facts
- New orders
- Rs 730 crore
- August order inflow
- Rs 1,271 crore in the detailed article text; the headline describes it as crossing Rs 1,270 crore
- Earlier August orders
- Rs 541 crore secured on August 10
- Order book
- Rs 72,258 crore as of July 1
- Q1FY27 orders
- Rs 3,754 crore
- FY27 target
- More than Rs 55,000 crore in order inflow
- Potential QRSAM order
- Around Rs 30,000 crore, subject to Cabinet Committee on Security approval
Quotes
Manoj Jain
Chairman and Managing Director of Bharat Electronics
“We are not foreseeing any problem in getting these order inflow for this year”
financialexpress.com
Sources
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