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21 Dec 2023 9:30 AM GMT

India

BEL bags Rs.4,522 crore order of Indian Army

Kochi Bureau

BEL bags Rs.4,522 crore order from Indian Army
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Summary

BEL in the current financial year 2023-24 has now reached an impressive Rs. 23,176 crores (excluding taxes).


New Delhi: Bharat Electronics Limited (BEL), a Navratna Defence PSU, has clinched a substantial order valued at Rs.4,522 crore from the Indian Army. The contract pertains to the supply of fuses for various calibres. The collaborative effort involves the participation of Indian Electronics and associated Industries, with MSMEs serving as sub-vendors for BEL.

Maj Gen Gurpreet Singh Choudhry and Bhanu Prakash Srivastava, CMD of BEL signed the agreement on behalf of their respective oraganisations The tender's primary focus was on the indigenization of critical technologies.

BEL has secured extra orders amounting to Rs 356 crores since the last disclosure on December 06, 2023. These additional orders encompass various products, including EW (Electronic Warfare) Testers, Medical Systems (Exports), Consumables and Batteries for Electronic Voting Machines (EVMs), as well as Night Vision Devices Spares and Services.

The cumulative value of orders received by BEL in the current financial year 2023-24 has now reached an impressive Rs. 23,176 crores (excluding taxes). The company's success in securing multiple contracts underscores its pivotal role in advancing indigenous defense capabilities and fostering growth in associated industries..