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Image Credit: Bloomberg Quint

Bharat Electronics Secures Rs 593-Crore Contract From Indian Air Force

  • Bharat Electronics Ltd. signed a Rs 593.2-crore contract with the Indian Air Force for maintaining the Akash Missile System, which it had previously supplied.
  • BEL fell short of its fiscal 2025 order inflow target, securing Rs 18,715 crore in orders compared to the projected Rs 25,000 crore.
  • Bharat Electronics reported a 53% year-on-year increase in net profit, reaching Rs 1,311 crore for the quarter ended December.
  • Shares of BEL closed 3.29% lower at Rs 282.40 apiece on the National Stock Exchange, compared to a 0.72% rise in the benchmark Nifty.

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