Bharat Electronics Ltd. (BEL), a Navaratna company, has clinched a significant order valued at ₹2,167 crore from the Indian Navy for the supply of an advanced electronic warfare suite designed for deployment on-board warships. The contract was signed on February 13, 2024, according to a regulatory filing by the company.
What is the electronic warfare suite?
The electronic warfare suite is a state-of-the-art system that can detect, identify and counter various types of threats from enemy radars, missiles and communication systems. It consists of various components such as radar warning receivers, jamming systems, decoy launchers and electronic support measures. The suite can provide situational awareness, self-protection and offensive capabilities to the warships in a complex electromagnetic environment.
Why is this order important?
This order is important for several reasons. First, it demonstrates the technological prowess and innovation of BEL, which has indigenously designed and developed the electronic warfare suite in collaboration with the Defence Research and Development Organisation (DRDO) and other Indian industries. Second, it reflects the trust and confidence of the Indian Navy in BEL’s products and services, which have been successfully deployed on various naval platforms in the past. Third, it supports the Aatmanirbhar Bharat initiative of the government, which aims to reduce dependence on foreign imports and boost domestic manufacturing and self-reliance in defence sector. Fourth, it enhances the operational readiness and combat effectiveness of the Indian Navy, which faces various challenges and threats in the Indian Ocean Region.
How will this order impact Bharat Electronics financials?
This order will boost BEL’s order book and revenue in the current financial year. As per the company’s filing, it has received cumulative orders of ₹30,776.06 crore in FY 2024-25 so far. This includes additional orders worth ₹114.59 crore since the last disclosure on January 30, 2024, for the supply of software defined radios, high definition very low frequency receivers, electronic voting machines and other products. The company’s shares closed at ₹176.45 on February 13, 2024, up by 1.06% on the BSE.
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