Bharat Electronics (BEL) and Rolta India shares gained on Friday after it announced that the Ministry of Defence (MoD) has selected the exclusive consortium of BEL and Rolta India as a Development Agency for the Battlefield Management System (BMS) project worth over Rs 500 billion.

The BMS project, categorised as a ''Make'' programme under the DPP, will be one of the largest solutions to be indigenously manufactured for the Indian Defence.

Shares of Rolta India gained Rs 22.7, or 15.2%, to trade at Rs 172. The total volume of shares traded was 3,578,799 at the BSE (11.38 a.m., Friday).

Shares of Bharat Electronics (BEL) gained Rs 171.55, or 4.7%, to trade at Rs 3,822.25. The total volume of shares traded was 184,621 at the BSE (11.42 a.m., Friday).