BEL jumps up on winning huge order

Bharat Electronics Ltd or BEL is currently the top gainer on the BSE; in fact it shot up to top position the moment the markets opened. Today, most of the defence related stocks are up after the Defence of Ministry announced awarding of orders.

Right at the top is the consortium led by BEL and Rolta which won a project worth Rs.50,000 crore for a battlefield management system (BMS). Coming under the “Make” program in the defence procurement procedure, it aims to be one of the indigenous solutions offered to Indian defence. BEL has explained that this project is meant to deliver command and control capabilities to the fighting echelons, operating at the forward edge of the tactical battle area at the battalion and combat group levels.

Along with BEL and Rolta, another consortium of Tata Power and L&T won the second project. This BMS project will be one of the largest solutions to be indigenously manufactured for Indian defence forces.

With the Govt giving a push to manufacturing all defence needs within India, the opportunities for companies like Rolta, BEL are immense. Both the private as well as public sector companies are expected to see opportunities to the tune of $41 billion by 2022.