Defence public sector giant Bharat Electronics Limited (BEL) continues to cement its dominance in India’s military supply chain with another significant order win. On June 5, 2025, BEL confirmed it has received a fresh order worth ₹2,323 crore from Mazagon Dock Shipbuilders and Garden Reach Shipbuilders. This contract pertains to the supply of base and depot spares for missile systems aboard Indian Navy warships.
In a filing to the stock exchanges, BEL stated that these spares are critical to maintaining the mission-readiness of key equipment deployed on naval platforms.
Second Major Order in 48 Hours Adds Momentum to FY26 Performance
This development follows another large order worth ₹537 crore announced just a day earlier. That package includes the supply of advanced communication systems, jammers, simulation software, test rigs, and associated support services.
Together, these back-to-back orders reflect BEL’s strong start to FY2025-26, bolstering confidence in its order acquisition capabilities in a competitive defence procurement landscape.
Order Book Could Breach ₹57,000 Crore if QRSAM Deal is Secured
So far in FY26, BEL has already bagged orders exceeding ₹6,200 crore, which is nearly 25% of its full-year target of ₹27,000 crore. If BEL successfully wins the much-anticipated Quick Reaction Surface-to-Air Missile (QRSAM) contract later this fiscal, its total order inflow could surge past ₹57,000 crore, setting a new benchmark for the company.
Stock Market Responds with Optimism as BEL Hits 52-Week High
In response to the order wins, BEL’s stock showed positive sentiment in the market. On the BSE, the share touched an intraday high of ₹394.60, before closing slightly lower at ₹393.70, marking a new 52-week high.
Geojit Financial Services has given the stock a target price of ₹441, citing its robust order book and earnings visibility. The stock has surged 25% in the last one month, with a 34% year-on-year gain, reaffirming investor confidence in India’s flagship defence electronics company.
