Bharat Electronics gains on report of bagging 300-billion-rupee-tender from Indian army

Bharat Electronics

29/09/2025 07:00

** Shares of Bharat Electronics BAJE.NS rise 3.1% to 408.15 rupees apiece

** Rise after media report says Indian army has issued tender to the state-owned company to buy five to six regiments of "Anant Shastra" air defence missile system

** The air defence missile system was earlier known as the Quick Reaction Surface to Air Missile System, ANI reports, citing defence officials

** The estimated project cost is around 300 billion indian rupees and would strengthen the army's air defence, according to the report

** BAJE did not immediately respond to a Reuters request seeking confirmation of the tender

** BAJE shares are up 35% in 2025 so far, outpacing the 4.7% rise in the benchmark Nifty 50 index .NSEI, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))