BEL Stock Rallies on Securing ₹2,463 Crore Radar Systems Contract from Indian Air Force

Bharat Electronics Limited (BEL), a leading Navratna Defence Public Sector Undertaking (PSU), witnessed a notable rise in its share price during Thursday’s morning trading session. The surge came after the company announced a significant defence contract from the Indian Air Force (IAF) valued at ₹2,463 crore (excluding taxes).

BEL made the announcement post-market hours on Wednesday, confirming that it had signed a contract with the Ministry of Defence for the supply and services of Ashwini Radars. These radars are expected to enhance the Indian Air Force’s surveillance and defence capabilities.

Ashwini Radars are 4D multi-function phased array radars designed to strengthen air defence systems by providing advanced tracking and target acquisition capabilities. The contract reflects the government’s continued focus on strengthening indigenous defence production under the ‘Make in India’ initiative, positioning BEL as a key player in the country’s defence manufacturing sector.

The announcement of this major deal positively impacted investor sentiment, leading to a rise in BEL’s stock price during early trading hours. The deal underscores BEL’s strategic role in supplying advanced defence technology to the armed forces and reinforces its position as a key contributor to India’s defence infrastructure.

The Ashwini Radars secured under Bharat Electronics Limited’s (BEL) recent ₹2,463 crore contract with the Indian Air Force (IAF) are state-of-the-art, fully indigenous Active Electronically Scanned Array (AESA) radars. According to BEL, these advanced radars have been developed through a collaborative effort between the Defence Research and Development Organisation (DRDO) and BEL, highlighting a significant achievement in India’s indigenous defence technology capabilities.

The Ashwini Radars are equipped with an integrated Identification Friend or Foe (IFF) system, which uses electronic scanning technology to precisely identify and track targets in both azimuth (horizontal) and elevation (vertical) directions. This capability allows the radar to perform complex 4D (range, azimuth, elevation, and velocity) surveillance, enhancing the accuracy and reliability of target detection and tracking.

Designed with advanced Electronic Counter-Countermeasures (ECCM) features, the radars are capable of operating effectively even in challenging electronic warfare environments, where adversaries may attempt to jam or disrupt radar signals. These mobile radars are highly versatile and can be deployed on various terrains, making them suitable for use in both high-altitude and low-lying areas.

Ashwini Radars are designed to automatically detect and track a wide range of aerial threats, from high-speed fighter jets to slower-moving targets such as drones and helicopters. Their ability to provide real-time situational awareness and rapid response capabilities makes them a crucial asset for strengthening India’s air defence network. The development and deployment of these radars reflect India’s growing expertise in defence technology and the government’s strategic focus on boosting self-reliance in defence production.

Bharat Electronics Limited (BEL) saw a positive movement in its share price during Thursday’s trading session on the Bombay Stock Exchange (BSE) following the announcement of a significant ₹2,463 crore defence contract with the Indian Air Force.

BEL’s share price opened at ₹282.45 on Thursday, reflecting an increase of nearly 2% compared to the previous day’s closing price of ₹276.75. This early upward movement indicated strong investor confidence following the news of the major contract win.

After opening higher, the stock continued to gain momentum, reaching an intraday high of ₹283.50. This translated into a gain of approximately 2.5% from the previous day’s closing price. The rise in BEL’s share price reflects the market’s positive response to the contract announcement, which underscores BEL’s strategic role in India’s defence sector.

The upward trend in BEL’s stock price highlights the market’s recognition of the company’s growing influence in the defence industry, driven by its technological capabilities and strategic partnerships with the Ministry of Defence and the Defence Research and Development Organisation (DRDO). The latest contract for Ashwini Radars reinforces BEL’s position as a key player in India’s push for self-reliance in defence manufacturing.

Bharat Electronics Limited (BEL) has been witnessing a steady recovery in its share price in recent weeks, even as the broader market continues to face pressure. After experiencing a significant correction from its highs reached in July 2025, BEL’s stock has shown signs of resilience and upward momentum in recent trading sessions.

Despite the challenging market conditions, BEL’s share price remains down by over 3% on a year-to-date (YTD) basis. This reflects the broader weakness seen across the market, where various sectors have experienced volatility and downward pressure. However, BEL has managed to buck the trend in the past month, delivering notable gains and outperforming the benchmark indices.

Over the last month, BEL’s share price has risen by more than 8%, reflecting renewed investor interest and confidence in the company’s growth prospects. This positive performance stands in contrast to the Nifty 50 Index, which has declined by approximately 3% over the same period. BEL’s ability to outperform the broader market suggests that investors may be viewing the company’s recent contract wins and strategic positioning in the defence sector as positive long-term drivers of growth.

The recent upward trend in BEL’s share price highlights the company’s strong fundamentals and its growing role in India’s defence manufacturing sector. The recovery also indicates that the market is responding positively to BEL’s strategic developments and operational strength, even as broader market conditions remain uncertain.

Bharat Electronics Limited (BEL) has demonstrated impressive growth in its share price over the past two years, rewarding investors with substantial returns. Back in March 2023, BEL’s share price was trading below the ₹100 mark. Since then, the stock has more than doubled in value, reflecting the company’s consistent performance and strategic positioning in the defence sector.

The recent upward momentum in BEL’s stock price has been particularly notable. Over the past month alone, the share price has risen by 8.14%, outpacing the broader market and reinforcing the company’s strong market presence. This consistent upward trajectory highlights investor confidence in BEL’s growth potential, driven by its strategic contracts, technological advancements, and increasing role in India’s defence production ecosystem.

BEL’s ability to deliver such significant returns over a relatively short period underscores its resilience and strategic importance within the Indian defence industry. The stock’s performance reflects the market’s positive outlook on BEL’s growth strategy and its capacity to capitalize on domestic defence modernization initiatives. The company’s strong order book and successful execution of key contracts have positioned it as a key player in India’s defence manufacturing sector, contributing to the substantial value creation seen in its share price over the past two years.