Bharat Electronics Shares Plunge Around 2% Despite ₹770 Crore Radar Deal And ₹1,011 Crore In Additional Orders
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BEL shares declined despite the state-run defence electronics manufacturer securing a ₹770 crore contract for improved low-level lightweight radars for the Indian Army. The company also disclosed additional orders worth ₹1,011 crore.
Bharat Electronics Limited (BEL) is facing selling pressure despite a new defence contract aimed at improving the Indian Army’s ability to detect low-altitude aerial threats.
The agreement valued at ₹770 crore was announced on 22 October 2026. The Ministry of Defence (MoD) described the procurement as a step toward strengthening domestic defence manufacturing.
Meanwhile, the BEL share price fell 1.97% to ₹363.90 at 10:17 am on the National Stock Exchange (NSE). The stock had closed at ₹371.20 in the previous session and opened at ₹369.55 on Thursday.
BEL Radar Deal Targets Low-Altitude Threats
The contract covers improved low-level lightweight radar systems, designated LLLR-I, designed to detect and track fighter-sized aircraft as well as mini and micro drones. The system can also prioritise aerial targets, helping the Army respond to threats from unmanned aerial systems (UAS).
The LLLR-I is an upgraded version of the Aslesha radar. It uses four fixed phased-array panels based on gallium nitride (GaN) active electronically scanned array (AESA) technology to provide 360-degree coverage without moving parts.
Its digital beam-forming and three-dimensional processing capabilities support the detection of small drones with a low radar cross-section. The portable system can be deployed in plains, deserts and high-altitude areas.
Additional BEL Orders Reach ₹1,011 Crore
In a separate exchange filing, BEL disclosed that it had secured additional orders worth ₹1,011 crore since its previous disclosure on 13 October 2026. These included the improved low-level lightweight radar contract, communication equipment, sonar, jammers, upgrades, spares and services.
The report linked the need for better low-altitude surveillance to the drone threats encountered during Operation Sindoor. It also noted that low-level radars help cover areas where terrain and the Earth’s curvature can limit longer-range radar coverage.
The MoD said the procurement would support the indigenisation of air defence platforms and strengthen the domestic defence manufacturing ecosystem, including micro, small and medium enterprises (MSMEs).
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Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
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