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EON-51 is an Electro-Optical Fire Control System which provides search, detection and classification of targets using electro-optical and thermal imager devices
“This fully indigenously developed system will be installed and integrated onboard Indian Naval Platforms. The system is capable of panoramic/sector search, tracking all types of targets during day/night and engages the tracked targets with the medium range and short range gun mounts,” Bharat Electronics said in a regulatory filing.
Also Read: Infosys Layoffs | Company says no one was ‘forcefully terminated’The Ministry of Defence, in a statement, said it signed the contract with Bharat Electronics Limited in New Delhi for “procurement of 28 EON-51 systems for 11 new-generation offshore patrol vessels and three cadet training ships for the Indian Navy at a total cost of ₹
642.17 crore, including taxes under Buy (Indian-IDDM) category”.
In addition, BEL has secured orders worth ₹352 crore since its last disclosure on January 28, 2025. These include contracts for anti-drone systems, fuzes, integrated fire detection and suppression systems, vessel communication systems, spares, and services. With these contracts, BEL’s total order book for the current financial year stands at ₹11,855 crore.
Bharat Electronics’ net profit for the period increased by 47.3% from last year to ₹1,316 crore. A CNBC-TV18 poll had pegged the figure at ₹980 crore. Revenue for the quarter stood at ₹5,756 crore, which is a growth of 39% from the year-ago quarter and was also higher compared to the CNBC-TV18 poll of ₹4,955 crore.
Also Read: Vedanta faces ₹141.36 crore GST demand over Input Tax Credit issues, plans to appeal
BEL’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased by 57.5% year-on-year to ₹1,653 crore and comfortably surpassed the CNBC-TV18 poll of ₹1,195 crore, while EBITDA margin expanded by 330 basis points from last year to 28.7% from 25.4%. The margins were also higher than the CNBC-TV18 poll estimate of 24.1%.
Shares of Bharat Electronics Ltd ended at ₹276.85, down by ₹3.00, or 1.07% on the BSE.
