India's Bharat Electronics rises after 24.63 bln rupees order

Bharat Electronics

13/03/2025 03:59

** Shares of Bharat Electronics BAJE.NS rise 1.9% to 282.09 rupees

** Defence electronics company signs contract worth 24.63 bln rupees ($282.7 mln) with India's Ministry of Defence for supply and services of Ashwini radars

** The radars can automatically detect and track aerial targets ranging from fighter aircrafts to slow moving targets

** Total orders for the current financial year stand at 170.30 bln rupees

** BAJE down ~4% YTD

($1 = 87.1225 Indian rupees)

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))