Bharat Electronics Ltd Share Price

(BEL)

Incorporated in April 1954, Bharat Electronics Limited (BEL) is an Indian public sector company under the Ministry of Defence. BEL plays a key role in the defence sector and holds Navratna status.

BEL designs, develops, and manufactures electronic equipment for the Indian Armed Forces, including radars, communication systems, electronic warfare systems, and missile systems. 

History of Bharat Electronics Limited (BEL)

Incorporated in 1954 to fulfill the electronic requirements of the Indian Armed Forces, BEL started producing communication equipment in 1956.

Significantly, in 1989, BEL set up a mass manufacturing facility in Bengaluru and started producing civilian applications such as electronic voting machines (EVMs).

In July 2000, BEL made its entry into the public market by launching an IPO. Later, in 2002, it was recognized by the Mini Ratna Category I status, and the Navratna status in 2007.

In January 2025, BEL and Israel Aerospace Industries (IAI) established a JV (joint venture) (BEL IAI AeroSystems Private Limited) in Delhi. The purpose of the JV is to provide life cycle support, both technical and maintenance related, for MRSAM (an air and missile defence system) of the country.

Business & Offerings of BEL

Defence: BEL develops Radar and Fire Control Systems, Weapon Systems, Communication, Network Centric Systems (C4I), and Electronic Warfare Systems, et al. This segment made 80.7% of the revenue in FY24.

Non-defence: BEL offers products and solutions for civilian markets, for sectors including Homeland Security, Smart City Solutions, Cyber Security, Software Solutions, Medical Electronics, and more, forming 13.32% of the revenue during FY24.

Exports: BEL exports Transmit & Receive (TR) Modules, Data Link II, RWRs, MAWS, LRSAM main equipment, etc., to countries including the USA, Spain, Israel, France, China, and Germany, et al.