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BEL Secures ₹1,011 Crore in New Defence Contracts, Expanding Order Book

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BEL Secures ₹1,011 Crore in New Defence Orders, Boosts Order Book

Bharat Electronics | The company has highlighted near-term opportunities, including the LCA Mk-1A systems, Shatrughat EW, next-gen Corvettes, and expected QRSAM inflows worth nearly ₹30,000 crore. Motilal Oswal's "buy" rating on the stock values it at 45 times two-year forward earnings and its price target of ₹520 implies an upside potential of 14% from current levels.

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CNBC TV18•17-03-2026, 16:15

BEL Secures ₹1,011 Crore in New Defence Orders, Boosts Order Book

•Bharat Electronics Ltd (BEL) bagged fresh defence orders worth ₹1,011 crore since February 25, 2026.
•New contracts include communication equipment, radar warning systems, fire control systems, and electro-optic sights.
•Orders also cover high-energy lasers, automatic train supervision systems, head-up displays, and software solutions.
•BEL signed an MoU with SASMOS HET Technologies Limited to enhance indigenous defence manufacturing.
•Q3 revenue rose 23.7% to ₹7,122 crore, and EBITDA increased 28% to ₹2,117 crore, exceeding estimates.

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