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The Ministry of Defence (MoD) on March 30 signed contracts with Indian shipyards, Bharat Dynamics, Bharat Electronics, and BrahMos Aerospace for equipments worth over Rs 35,000 crore.
Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed an MoU with Goa Shipyard Limited (GSL) for co-operation in addressing global market opportunities for supply of state-of-the-art products such as autonomous boats, and other systems / solutions based on Artificial Intelligence for Naval platforms. The pact was inked on the sidelines of the ongoing Aero India 2023, Asia's largest air show, at Air Force Station Yelahanka here. BEL CMD Bhanu Prakash Srivastava, and GSL CMD Brajesh Kumar Upadhyay exchanged the MoU documents, a BEL statement said.
Bharat Dynamics, Hindustan Aeronautics, and Bharat Electronics have skyrocketed 87 per cent, 79 per cent, and 44 per cent, respectively, since Budget 2022
Investors may consider buying the stock on dips, say experts
Under the deal, BEL will handle front-end requirements in the market and support localisation of projects, while Smiths Detection will provide screening tech
The technical analyst from HDFC Securities recommends buying BEL 240 Call and simultaneously selling 250 Call of the July expiry.
NHPC on Tuesday signed an initial pact with Bharat Electronics Ltd (BEL) to set up a large capacity solar equipment manufacturing facility. "A Memorandum of Understanding (MoU) has been signed between NHPC and BEL...for setting up of gigawatt scale vertically integrated solar manufacturing unit," a BSE filing said. The MoU was signed by Biswajit Basu, Director (Projects), NHPC and Vinay Kumar Katyal, Director (Bangalore Complex), BEL. State-owned hydro power giant NHPC has an installation base of 7071.2 MW from 24 power stations including two projects in JV mode. It is engaged in the construction of 11 projects aggregating to a total installed capacity of 7,539 MW. During 2021-22, NHPC power stations achieved generation of 24,855 MU (million units). Last fiscal, NHPC reported Rs 8,181 crore as income from sale of power with a net profit of Rs 3,538 crore.
Bharat Dynamics has more-than-doubled in 2022 so far, however, the stock still trades 14 per cent shy from its historic peak.
Healthy order book, tender pipeline and margin improvement are positives
With the healthy order book at Rs 55,333 crore, strong pipeline of orders and better margin profile, BEL is well placed to grow its earnings in double digits in the next couple of years, analyst say.
Supriya Lifescience IPO seems to be reasonably priced, read detailed analysis
This is the biggest ever order received by BEL for avionic systems
Bajaj Finance: The daily chart depicts three back-to-back 'Doji' candles and the first one specifically can be termed as a 'Gravestone Doji'
The MoD, on Monday, announced a list of 108 items of defence equipment that must be compulsorily procured from indigenous sources according to provisions in the Defence Acquisition Procedure 2020
Navaratna defence PSU Bharat Electronics Limited has achieved a record turnover of about Rs 13,500 crore (Provisional & Unaudited) during 2020-21, against previous financial year's figure of Rs 12,608 crore in spite of the challenges posed by COVID19 pandemic & intense competition in business. BEL's order book as on April 1 this year is around Rs 53,000 crore, the Bengaluru-headquartered company said in a statement. In 2020-21, BEL said it secured orders worth Rs 15,000 crore. Some of the major orders acquired during the year are: ICU ventilators, software defined radios & communication equipment, various types of radars, sonars, torpedo decoy systems, electronic warfare systems, networking & encryption products, and smart city projects. BEL achieved export sales of around USD 50 million during 2020-21. Major products exported include coastal surveillance system, trans-receive (TR) modules, 'Bharati Radio', 'Identification of Friend or FoeInterrogator' ...
The deal is worth over Rs 1,000 crore
Defence contributed 82 per cent of sales revenue of BEL in 2019-20, up from 68 per cent in the previous fiscal
BHEL, BEL to develop products for defence, non-defence applications
For FY20, the firm has generated orders worth Rs 9,000 crore. Achieving its full-year guidance of Rs 15,000 crore may now not be difficult, say analysts
Total income from operations also declined by 14.62 per cent to Rs 36.08 billion