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16 August, 2018 02:49 IST
Bharat Electronics secures order worth Rs 92 bn
Source: IRIS | 08 Aug, 2018, 02.50PM
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Bharat Electronics, has entered into contracts with Mazagon Dock Shipbuilders (MDL), Mumbai and Garden Reach Shipbuilders and Engineers (GRSE), Kolkata for supply and services of LRSAM systems for 7 ships being built by MDL and GRSE, for the new ship building program.

The total value of the contracts is about Rs 92 billion. The supplies/deliveries will be made meeting the manufacturing timeline of the new ship. This is the highest ever single value order BEL (Q,N,C,F)* has been awarded.

Shares of the company declined Rs 0.9, or 0.77%, to trade at Rs 115.55. The total volume of shares traded was 226,345 at the BSE (2.40 p.m., Wednesday).

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