India’s Bharat Electronics today announced an INR9,200 crore (US$1.8Billion) order for the supply of seven Long Range Surface-to-Air Missile (LRSAM) systems has pushed the order book of the company beyond ₹50,000 crore for the first time.
The contract comes from two Indian shipyards; Mazagon Dock Limited (MDL) and Garden Reach Shipbuilders and Engineers (GRSE) to supply LRSAM systems to be fitted onboard seven frigates to be built by them for the Indian Navy.
The Company is looking at maintaining a healthy order inflow with business segments such as Radars & Weapon Systems, Electronic Warfare Systems, Fire Control Systems, Communication Systems and C4I Systems driving its growth in future, a BEL press release said.
This is the highest-ever single value order bagged by BEL. Mrs Anandi Ramalingam, Director (Mktg), BEL, signed the contracts on behalf of BEL with MDL and GRSE.
As the lead integrator of Akash Missile system, BEL has already proven its prowess in the realm of Turnkey Missile Systems. The Company is now geared up for futuristic programmes such as the Quick Response Surface to Air Missile (QRSAM) for the Army, Medium Range Surface to Air Missile (MRSAM) for the Indian Air Force and Long Range Surface to Air Missile (LRSAM) for the Indian Navy. BEL is the lead integrator of LRSAM systems for the Navy's P-17A stealth frigates.
BEL said atrategies and action plans are in place to face competition, maintain its technological edge and retain its leadership position in strategic electronics.