The development comes at a time when defence stocks, including BEL and Hindustan Aeronautics Limited, are in focus after Defence Minister Rajnath Singh cleared procurement proposals worth around ₹2.38 lakh crore. The approvals, granted by the Defence Acquisition Council, aim to strengthen air defence, logistics and communication systems.
Among key projects, systems such as Air Defence Tracked Systems and high-capacity radio relay — where BEL is seen as a potential beneficiary — received the nod. Total approvals in the current financial year have reached a record ₹6.73 lakh crore, excluding the Rafale acceptance of necessity.Also Read: These Defence stocks could be beneficiaries of the latest ₹2.38 lakh crore approvals by DAC
Financially, BEL reported a strong December quarter, with revenue rising 23.7% year-on-year to ₹7,122 crore. EBITDA grew 28% to ₹2,117 crore, while net profit increased 20.8% to ₹1,590 crore despite a ₹16.6 crore impact from new labour laws.
The company’s order book stood at ₹73,015 crore at the end of the quarter, providing strong revenue visibility. Shares of BEL were trading at ₹403.50 on the NSE in afternoon trade, down marginally.
