BEL garners fresh orders worth ₹1,385 crore; FY25 order book surges to ₹18,415 crore

State-owned aerospace and defence company Bharat Electronics Limited (BEL) has announced that it has received additional orders of ₹1,385 crore. This announcement, following their previous update on March 12, 2025, adds ₹18,415 crore to the company's total order inflow for the current financial year. These orders include a wide variety of defence and security equipment, such as radar spares, electronic voting machines, radar upgradation, advanced land navigation systems, fire control systems of ship-based decoys, communication equipment and stabilisers for tanks.

In the third week of March, the company won an order of ₹2,463 crore (exclusive taxes) from the Ministry of Defence for supply and services of Ashwini Radars to the Indian Air Force. Ashwini Radars is an indigenous Active Electronically Scanned Array (AESA) radar being developed jointly by BEL and the Defence Research and Development Organisation (DRDO). The radars employ built-in Identification Friend or Foe (IFF) systems and are electronically scanned in azimuth and elevation, providing 4D surveillance. Ashwini radars, which are designed to be mobile over a wide range of terrains, come with advanced electronic counter-countermeasures (ECCM) capabilities, and have the ability to detect and track across medium range aerial targets from fighter jets to slow flying objects.

The steady order inflow for BEL indicates the need within the defence sector and also showcases BEL as a significant supplier to the Indian armed forces. The mix of these orders secured -- upgrades and new equipment across different verticals such as radar technology, navigation and communication -- indicate a diversified need from the defence establishment, it added. (The culmination of these new contracts has been such, that BEL has surpassed its previous order inflow, a key indicator for any business's health as the financial year ebbs down). The total order book at ₹18,415 crore offers some visibility and potential for revenue generation in subsequent periods.

Bharat Electronics Ltd inched up a bit in line with the broader markets earlier this week. Impacts of these new order wins on the company and investor sentiment aligned to it would be determined by the overall market conditions and sector-specific trends. This development is in step with a reported trend in which defence stocks, including BEL, played a pivotal role in the march to record highs seen in market capitalisation in the month of March.

Overall, Bharat Electronics new thrust on timely execution and successful order acquisition boost its capabilities in defence manufacturing space. The contracts were of very nature and value and with the earlier big value order for Ashwini Radars, it seems very likely that the sector has a continuing activity as the fiscal year ends. BEL's performance and order execution will be tracked by investors and market participants in the changing defence procurement landscape.

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