Government Defense company Bharat Electronics (BEL) has obtained an order of ₹ 1,220 crore from the Ministry of Defense on Thursday 20 February. The company’s stock has seen an increase after getting this order. The Ministry of Defense has signed a contract of ₹ 1220.12 crore with India Electronics for the purchase of 149 software defined radio for the Indian Coast Guard.
India Electronics received an order of ₹ 1,220 crore
According to the press release, the Ministry of Defense on February 20, 2025 with Messrs Bharat Electronics Limited, Bangalore for the purchase of 149 software defined radio for the Indian Coast Guard ‘Bay (Indian-IDDM)’ category at a total cost of ₹ 1220.12 crore for the purchase of 149 software defined radio. Signed on a contract under. These state-of-the-art radio will provide safe and reliable information exchange, cooperation and status awareness through high-speed data and safe voice transmission. This will help the Indian Coast Guard to carry out its primary duties, including the protection of fisheries, marine environment, maritime law enforcement and search and rescue operations more effectively. These radio will also improve communication for collaborative operations with the Indian Navy.
According to the press release, this project is a strategic step towards strengthening the operating capabilities of the Coast Guard and strengthening maritime security of the Government of India. According to the self-sufficient India initiative, this contract will increase the country’s manufacturing capacities for advanced military-grade communication systems, create employment opportunities and promote expertise development.
India Electronics shares rise
As soon as this news came to light, India Electronics shares saw a rise of more than 3%. India Electronics stock touched a low of ₹ 250.15 in Intrade, while its intra-day high was ₹ 260.65. This stock has given multibagger returns to its investors. The stock of India Electronics has increased by more than 2.5 times in more than two years from the level of ₹ 95. At the same time, it has increased by 800% in the last five years.
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