- 08 Apr 2025
- ICICIdirect Research
BHARAT ELECTRONICS LIMITED (BEL) HAS SIGNED A CONTRACT WITH MINISTRY OF DEFENCE VALUED AT RS.2,210 CRORE
BEL - 303 Change: 3.35 (1.12 %)News: Bharat Electronics Limited (BEL) has signed a contract with Ministry of Defence valued at Rs.2,210 crore for supply of EW Suite for Mi 17V5 Helicopters of Indian Air Force. These systems are indigenously designed and developed by CASDIC, DRDO and manufactured by BEL. The EW Suite comprises Radar Warning Receiver (RWR), Missile Approach Warning System(MAWS)and Counter Measure Dispensing System (CMDS) which significantly enhance the combat survivability of the helicopters along with effective counter measures.
View: This order was already anticipated to be signed soon with BEL. With this, company has accumulated orders totalling to Rs. 2803 crore in YTDFY26. Order backlog is estimated at ~Rs.74400 crore (3x FY25E revenue) which gives a healthy revenue growth visibility. Order pipeline remains strong as number of key contracts are likely to be signed in FY26E (including electronics systems for missiles, Quick-Reaction Surface-to-Air Missile, aircrafts, submarines, warships etc). Management guides order inflows of Rs.25000+ crore for FY26E
Impact: Positive