Bharat Electronics Limited (BEL) stock jumped 5% on Tuesday following the announcement of a major defence contract worth ₹2,210 crore (excluding taxes) from the Ministry of Defence. As of 9:15 AM, the shares were trading 5.6% higher at Rs 285.90.
The contract involves the supply of advanced Electronic Warfare (EW) suites for the Indian Air Force’s Mi-17V5 helicopters. Developed indigenously by DRDO’s Centre for Airborne Systems and CASDIC, the EW suite will be manufactured by BEL, reinforcing India’s commitment to self-reliance in defence technology.
The state-of-the-art EW system includes a Radar Warning Receiver (RWR), Missile Approach Warning System (MAWS), and Counter Measure Dispensing System (CMDS). These systems are designed to detect and counter radar and missile threats, significantly boosting the survivability of IAF helicopters in hostile environments.
This strategic order highlights BEL’s pivotal role in India’s defence ecosystem and strengthens its relationship with the armed forces. With this addition, BEL’s total order intake for FY25 has reached ₹2,803 crore.
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