Bharat Electronics Limited (BEL), a state-owned defense company, has secured a Rs 3,172 crore contract to upgrade BMP 2/2K tanks for the Indian Army. The contract involves supplying and installing an advanced Sighting and Fire Control System (FCS) designed and developed in India. The deal was signed on June 28 with Armoured Vehicles Nigam Limited (AVNL) in Chennai.
BEL, based in Bengaluru, will also provide a comprehensive engineering support package as part of the project. The company’s share price rose by 1.59% to Rs 309.35 on the NSE following the announcement.
In addition to this contract, BEL has received other orders worth Rs 481 crore since May 22, 2024. These include Doppler Weather Radar, classroom jammers, spares, and services. So far, BEL has accumulated orders totaling Rs 4,803 crore in the current financial year.
Bharat Electronics Limited (BEL) is an Indian government-owned aerospace and defense company headquartered in Bengaluru, Karnataka. Established in 1954, BEL primarily manufactures advanced electronic products for the Indian Armed Forces. Over the years, it has diversified its portfolio to include civilian products and services, spanning areas such as solar power, e-governance solutions, and radar systems.
BEL is known for its strong focus on indigenous development and innovation, contributing significantly to India’s self-reliance in defense technology. The company operates multiple manufacturing units and research and development centers across India, employing thousands of skilled professionals dedicated to producing high-quality, reliable electronic systems and equipment.
