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.