BEL receives Rs 2,463 crore defence contract for Ashwini Radars
Introduction
The Ministry of Defence (MoD) has granted a contract worth Rs 2,463 crore to the Navratna public sector enterprise, Bharat Electronics Ltd (BEL), for supply and services for Ashwini Radars for the Indian Air Force (IAF). The news has boosted shares in BEL, which increased by 1.55% to Rs 281.05.
The key points in the agreement:
- The contract is for the supply and services of Ashwini Radars, which consist entirely of indigenously designed Active Electronically Scanned Array (AESA) radars.
- Co-developed by Defence Research and Development Organisation (DRDO) and BEL.
- It features Identification Friend or Foe (IFF) systems with electronic scanning in azimuth and elevation.
- It is capable of supporting 4D surveillance and tracking both fighter aircraft and slow-moving targets.
- Armed with Electronic Counter-Countermeasures (ECCM) and deployable in all terr
What is special about Ashwini Radars?
Ashwini AESAs are a technological leap in India’s defense sector. They can automatically detect and track airborne threats with enhanced mobility and deployability, and thus, they are a critical asset for the IAF. Coupled with advanced IFF systems, they offer enhanced situational awareness and safety.
BEL’s Role in India’s Defence Sector
BEL is a leading supplier of radar, communication, and electronic warfare systems to the Defence Forces in India. BEL’s connection with DRDO has been instrumental in making India self-reliant in defence production.
Financial Performance and Share Influence
- BEL has consistently demonstrated strong financial growth:
- The net profit, standing alone, rose by 47.33% to Rs 1,316.06 crore during Q3 FY25
- Revenue from operations increased by 39.15% at Rs 5,756.12 crore from Q3 FY24.
- The Government of India is the largest shareholder with a stake of 51.14% in BEL.
Market & Strategic Implications
The agreement is a testament to BEL’s technological capability and strategic importance in India’s defence sector. It is in consonance with the government’s Atmanirbhar Bharat (Self-Reliant India) mission, reducing India’s defence import dependence from overseas. With increasing demand for defence technology in the country, BEL is poised for long-term growth.
Frequently Asked Questions (FAQs)
- 1. What is the value of the contract awarded to BEL?
The Ministry of Defence has awarded BEL a contract worth Rs 2,463 crore for the supply and services for Ashwini Radars. - 2. Ashwini Radars are
Ashwini Radars are Active Electronically Scanned Array (AESA) radars, designed by DRDO and BEL in collaboration, with target tracking and 4D surveillance in mind. - 3. Why is AESA technology important in Ashwini Radars?
AESA technology enables more advanced features through increased tracking speed, multi-target detection, and improved jam resistance. - 4. How do Ashwini Radars assist the Indian Air Force?
These radars provide enhanced mobility, speedy deployability, and advanced ECCM, enabling the IAF to track and detect fast and slow-moving airborne targets. - 5. What role does BEL play in the Indian defence sector?
BEL is a leading supplier of electronic warfare, communications, and radar systems to the Indian defence forces and is a major contributor to India’s defence technology independence. - 6. How did BEL stock react to this news?
The stock rose by 1.55% to Rs 281.05 following the announcement, showing a positive investor sentiment. - 7. How is the financial performance in Q3 FY25 for BEL?
BEL reported a 47.33% surge in standalone net profit at Rs 1,316.06 crore, with revenue increasing by 39.15% at Rs 5,756.12 crore. - 8. What is the Government of India’s stake in BEL?
The Government of India owns a majority stake with a holding percentage of 51.14% in BEL. - 9. In what way does this agreement support Atmanirbhar Bharat?
The agreement increases India’s defence autonomy by promoting home-grown technology and reducing dependence on defence imports from abroad. - 10. How can I learn more about BEL and what it does?
You can stay current with BEL’s official website, stock exchange filings, and defense news websites for the latest information.
Conclusion
Rs 2,463 crore deal of Ashwini Radars — reinforces BEL as a market leader at defence electronics sector in India The defence technology support by BEL will only continue to grow and if investor will have a sense of it will lead to strong growth for innovation and market leadership in future.
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