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HomeGADGETSELECTRONICSBharat Electronics Ltd wins orders worth Rs. 847 crores

Bharat Electronics Ltd wins orders worth Rs. 847 crores

Stock Report

Posted On : 2024-01-30 22:24:37( TIMEZONE : IST )

Bharat Electronics Limited (BEL) has signed Contract with Central Board of Indirect Taxes and Customs (CBIC), Ministry of Finance, Govt of India on 30th January 2024 for implementation & management of IT infrastructure. The value of the contract, won through open bidding, is Rs. 665.84 crores plus taxes. The scope of the project is to supply, install and maintain IT & networking infra, field IT support and centralised management and monitoring. Maintenance support will be provided for 5 years inclusive of implementation period. This is one of the biggest Civilian Projects acquired on competitive basis by BEL during the current financial year.

BEL has also received additional orders worth Rs. 182 Cr towards miscellaneous spares & services since last disclosure on 17th Jan 24.

With the above BEL has received cumulative orders of Rs. 28494 Cr in the current financial year.

Shares of Bharat Electronics Limited was last trading in BSE at Rs. 187.90 as compared to the previous close of Rs. 191.05. The total number of shares traded during the day was 1525834 in over 19601 trades.

The stock hit an intraday high of Rs. 192.35 and intraday low of 187.10. The net turnover during the day was Rs. 289130567.00.

Source : Equity Bulls

Keywords

BharatElectronics INE263A01024 BEL Defence OrderWin

 

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