Bengaluru — Bharat Electronics Ltd (BEL) has secured orders worth ₹2,323 crore from Mumbai-based Mazagon Dock Shipbuilders Ltd (MDL) and Kolkata-based Garden Reach Shipbuilders & Engineers (GRSE). The contracts entail supplying base and depot spares for missile systems deployed on Indian naval platforms, ensuring operational continuity of mission-critical onboard equipment, the company said in an exchange filing.
This mega order follows a recent spree of contracts, including orders totaling ₹537 crore for communication equipment, advanced composite communication systems for ships, jammers, software upgrades, simulators, spares, and test rigs.
In a related development, BEL signed a contract in May with the Indian Army Air Defence to manufacture the Integrated Drone Detection and Interdiction System (IDDIS).
Looking ahead, the Navratna public sector undertaking expects to secure orders worth at least ₹27,000 crore in fiscal year 2026, up significantly from ₹18,715 crore in the previous year. Additionally, the company indicated its full-year order inflow could surpass ₹50,000 crore if it successfully clinches orders for Quick Reaction Surface To Air Missiles (QRSAM) this year.
Financially, BEL reported a consolidated profit after tax (PAT) of ₹2,127 crore in the quarter ended March 2025, an 18.3% increase year-on-year and a 62.4% rise compared to the previous quarter. Revenue from operations for the quarter stood at ₹9,149 crore.
On the stock market, BEL’s shares closed at ₹393.70 on the BSE on Thursday, marking a 0.79% gain over the previous day’s close and touching a 52-week high of ₹394.60 during the session.
