BEL Shares: Bharat Electronics Limited (BEL) has received a major order of Rs 1,640 crore from the Indian Army. The company said in an information sent to the stock markets on Friday 25 July that the contracts have been done with the Ministry of Defense, under which the company will supply the modern air defense fire control radar to the army ‘Incredible (Attua)’. Let us know that BEL is a defense company owned by the Government of India and this company has been placed in the list of ‘Navratnas’ of the country.
The ‘Attua’ air defense radar system has been designed by Defense Research and Development Organization (DRDO) and it is made by BEL. This system has the ability to work day and night, in any season and ensures sharp and effective response against air threats.
The radar includes the inbuilt electronic counter meer (ECM) features, allowing it to work accurately despite enemies’ electronic attacks. Its modular architecture enables it to easily deploy, operate and maintain it in different areas.
‘Attua’ system capabilities
– Monitor airspace and identify goals
– To identify the target as a friend or enemy
– Estimating the danger and prioritizing it
– To control the target by controlling air defense guns
This system provides less and very short distance against all air hazards such as fighter aircraft, helicopter and UAV. This radar works effectively in all weather and despite enemies’ jamming efforts. The company said that the contract forwards India’s ‘self -sufficient India’ mission and strengthens the capabilities of the domestic defense industry.
BEL shares in the stock market
Although BEL has received this major order, the company’s shares fell 0.67% to close at Rs 395.6 in the stock market on Friday. This is the third consecutive day when the company’s shares have closed down with a decline. However, in the last 6 months, this stock has given a return of about 50 percent.
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