Navratna receives orders worth Rs 1155 crore
Business Business: Navratna Bharat Electronics Limited (BEL) has received several orders. Bharat Electronics told the stock exchanges that the value of the order received by the company is Rs 1,155 crore. Shares of the aerospace and defense company closed at Rs 288.05 on the BSE on Wednesday. Bharat Electronics shares have risen 745% in the last 4 years. The 52-week high of the company’s stock is Rs 340.35. However, the 52-week low of the company’s stock is Rs 127.
Bharat Electronics Limited (BEL) has received an order of Rs 850 crore from Cochin Shipyard. According to the exchange filing, this order of Bharat Electronics is for the supply of indigenous multifunctional X-band radar. This radar is developed by DRDO and manufactured by BEL. Apart from this, Bharat Electronics has received an order of Rs 305 crore. An order has been placed for the supply of complex navigation systems. With these orders, Bharat Electronics has received orders worth Rs 7,075 crore in the first five months of the current financial year.
Shares of Bharat Electronics Limited (BEL) are up 745% in the last 4 years. The price of Navratna shares was Rs 34.08 on 11 September 2020. Shares of Bharat Electronics closed at Rs 288.05 on 11 September 2024. Shares of Bharat Electronics have risen 339% in the last three years. At the same time, the shares of the government-owned company have increased by 99 percent compared to last year. The price of the company’s shares was Rs 144.75 on 11 September 2023. Shares of Bharat Electronics closed at Rs 288.05 on 11 September 2024. Shares of Navratna are up 56% this year. The company’s shares were priced at Rs 185.05 earlier this year on January 1, 2024, and closed above Rs 288 on September 11.
