Bharat Electronics Limited (BEL) has secured export orders worth Euro 25.75 million, estimated to be around ₹230 crore.
What Happened: The orders, as per an exchange filing on Friday, were received from Thales Reliance Defence Systems (TRDS) for the production and supply of Transmit Receive (TR) modules. These modules are expected to be used in the radars of fighter aircraft.
In addition to this, the Navratna PSU said that it has also secured orders valued at ₹192 crore since its last disclosure on June 28, 2024. These orders include communication equipment, encryptors, spares, and services for Radars, Fire Control Systems, and more.
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With these recent orders, BEL’s total order accumulation for the current financial year stands at ₹5,225 crore.
The defence major filed its shareholding pattern data with the bourses on Thursday. As per the data, mutual funds have reduced their ownership in the public sector company to 16.08% from 18.06% in the March quarter. All major mutual funds invested in the company have trimmed their stakes. This includes Canara Robeco Emerging Equities Fund, HDFC Midcap Opportunities Fund, Kotak Flexicap fund, and Central Public Sector Enterprise (CPSE) ETF.
Price Action: BEL’s share price was down 0.36% to trade at ₹334.30 in the late hours of trading on Friday.
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