Shares of this large-cap defence company surged on entering into a contract with the Ministry of Defence
Through this contract, the Indian Air Force will receive Medium Power Radar and Digital Radar Warning Receiver (RWR).
About the Contract
The Indian Air Force's Medium Power Radar (Arudhara) is a cutting-edge 4D Surveillance Radar equipped with Active Aperture Phased Array Radar technologies based on Solid State TR Module Transmission. The radar was designed and constructed in India by the Electronics and Radar Development Establishment (LDRE) - DRDO. The aforementioned system will improve the Indian Air Force's surveillance capability by utilizing cutting-edge Modern Radar Technologies, including best-in-class ECCM capabilities.
The Digital Radar Warning Receiver (RWR) for Indian Air Force Fighter Aircraft was conceived and developed in-house by the Combat Aircraft Systems Development & Integration Centre (CASDIC), DRDO. The supply of modern EW Systems will greatly improve the battle-suitability of IAF fighter planes while on operational missions against opponents.
Price Action of Bharat Electronics Ltd
The scrip opened at Rs. 94.10 and touched a high and low of Rs 94.30 and Rs 92.28, respectively. Its 52-week high stood at Rs 115 whereas its 52-week low was Rs 67.82. Last one week high and low of the scrip stood at Rs 94.30 and Rs 90.90 respectively. The current market cap of the company is Rs 67,784 crore. Promoters hold 51.14%, whereas institutional and non-institutional holdings are 42.38% and 6.47%, respectively.
Bharat Electronics (BEL) was founded in collaboration with CSF, France (now Thales), to produce basic communication equipment. The company now manufactures a wide range of cutting-edge equipment in fields such as Defence Communication, Radars, Naval Systems, C4I Systems, Weapon Systems, Homeland Security, Telecom & Broadcast Systems, Electronic Warfare, Tank Electronics, Electro-Optics, Professional Electronic Components, and Solar Photovoltaic Systems. Electronic voting machines, tablet computers, solar-powered traffic signal systems, and access control systems are among BEL's civilian goods.
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