Bharat Electronics Ltd (BEL) shared some good news but the market seems to not have paid much heed to this; the price remains largely range bound – opening at Rs.209, from its close of Rs.208.05, its intraday high is at Rs.210.75 on muted volumes. Its 52-week high is at Rs.227.95.
A few minutes ago, the company said that it has received an order worth Rs. 2,400 crores from Hindustan Aeronautics Limited (HAL) for the manufacture and supply of 20 types of airborne electronic systems to be fitted on the fighter aircraft.
The order spanning five years from 2023 to 2028 involves supply of critical avionic Line Replaceable Units (LRUs) related to Digital Flight Control Computers, Air Data Computers, Weapon Computers, LRUs related to Radar Warning Receiver (RWR) and Head Up Display. The LRUs have been indigenously designed and developed by Aeronautical Development Agency (ADA), DRDO Labs, Aeronautical Development Establishment (ADE), Combat Aircraft Systems Development and Integration Centre (CASDIC) and Central Scientific Instruments Organisation (CSIO).
This is the biggest ever order received by BEL for Avionic Systems. The order for supply of Avionic Systems for 83 Tejas MK1A fighter aircraft will be executed by two Strategic Business Units (SBUs) of BEL.