Bharat Electronics Limited (BEL) has recently signed a contract worth Rs.3,172 crores with Armoured Vehicles Nigam Limited (AVNL) on June 28, 2024. BEL informs the exchange about contract on June 28, 2024, stock price rose to Rs.309.35 on NSE. The company signs the contract at AVNL Headquarters in Chennai. The company release “Press Release” regarding the contract on June 28.
The project entails the supply and installation of an advanced, indigenously designed and developed Sighting and Fire Control System (FCS) for the upgrade of BMP 2/2K Tanks of the Indian Army, along with a comprehensive Engineering Support Package.
About BEL
Founded in 2004, Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry of Defence Government of India. It manufactures state-of-the-art electronic products and systems for the Army, Navy and the Air Force. BEL has a market cap of Rs.2.26 lakh crores.
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