Bharat Electronics Gets Additional Orders Worth Rs 537 Crore

Bharat Electronics Ltd., a Navratna Defence Public Sector Undertaking, has secured additional orders worth Rs 537 crore since the last disclosure on May 16, 2025, stated an exchange filing on June. 4.

The major orders received include communication equipment, advanced composite communication system for ship, jammers, software, simulator upgrades, spares, test rigs, services among others.

Earlier, the company said it was expecting a potential order of up to Rs 40,000 crore from Project Kusha, the indigenous alternative to the S-400 air defence system. The company had said it was working as a development partner with the Defence Research and Development Organisation on the project.

“We are the development partner with DRDO and are developing jointly so many subsystems of Kusha, mainly different types of radars and control systems,” Chairman and Managing Director Manoj Jain had said during the March-quarter earnings call.

BEL had said that it was awaiting a decision on the system integrator for the programme. “If they decide to have two system integrators, then definitely we will be one of them,” Jain had said. “If we are the system integrator, then around Rs 40,000 crore order will come to BEL.”

BEL stock rose as much as 1.37% during the day to Rs 391.3 apiece on the NSE. It was trading 1.13% higher at Rs 390 apiece, compared to an 0.33% advance in the benchmark Nifty 50 as of 3:12 p.m.

It has risen 52.73% in the last 12 months and 33.17% on a year-to-date basis. The relative strength index was at 723.

Twenty four out of the 28 analysts tracking the company have a 'buy' rating on the stock, one recommends a 'hold' and three suggest a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 399.8, implying an upside of 2.5%.