BEL Share Price: Bharat Electronics Limited Receives Large Orders
Bharat Electronics Limited (BEL) has announced that it has received a significant order from Cochin Shipyard Ltd. The order includes the supply of various equipment such as sensors, weaponry, fire control systems, and communication equipment for six next-generation vessels. The total value of this order is Rs 2,118.57 crore.
Additional Orders Worth 886 Crores
In addition to the order from Cochin Shipyard Ltd, BEL has also received additional orders worth Rs 886 crore. These orders include the upgrading of AFnet satcom N/W, upgrading of Aakash missiles with RF seeker, inertial navigation system, and auxiliary equipment and spare parts. With these new orders, BEL’s total order book now stands at over Rs 60,690 crore. The company’s shares have shown impressive growth, with a multibagger return of nearly 300 percent in the last three years. Currently, the company’s shares are trading at Rs 135.60.
Strong Quarterly Results for June Quarter
BEL recently announced its quarterly results for the first quarter ended June 30, 2023. The company reported a revenue of Rs 3465.38 crore, marking a 12.25 percent increase on a year-on-year basis. The operating profit also saw a significant rise of 34.43 percent to Rs 812.74 crore, while the company’s PAT increased by 48.43 percent to Rs 528.60 crore.
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