Bharat Electronics Ltd. — Capital/Financing Update 2023

Mar 24, 2023

Digitally signed by SREENIVAS SRIPADA DN: c=IN, o=BHARAT ELECTRONICS LIMITED,

SREENIVAS SRIPADA

2.5.4.20=2785c3f8889288c5c03452d0f6bfbd07ecfa7416298e4d510fd5354c33bb0aa8, ou=SECRETARIAT,CID - 6840256, postalCode=560045, st=Karnataka, serialNumber=8da16a32e5cf7b4693c748a3f167cf33b9870c0132bad61e7d1c3490de34d08f, cn=SREENIVAS SRIPADA Date: 2023.03.24 18:09:01 +05'30'

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PRESS RELEASE

BEL WINS ORDERS WORTH RS 4300 CRORE FROM INDIAN ARMY AND

INDIAN NAVY

The Ministry of Defence (MoD), Govt of India, has signed a contract worth Rs. 3000 Crore with Bharat Electronics Ltd (BEL) for supply of Integrated Electronic Warfare Systems for the Indian Army.

The Integrated Electronic Warfare Systems for Indian Army are state-of-the-art with cutting-edge technologies, indigenously developed and manufactured by BEL based on Defence Electronics Research Laboratory (DLRL), DRDO design. These integrated systems will be a real force multiplier and will further enhance the electronic warfare capability of the Indian Army in leaps and bounds.

Further, BEL has also received several contracts totaling to Rs 1300 Crores (approx.) during last fortnight from the Indian Navy for supply of Indigenously developed Fire control, Gun fire control, Surveillance, tracking, ESM, Sonar Systems etc.