BEL Wins Rs 5.93 Billion IAF Contract for Akash Missile Maintenance

08 Apr 2025 CW Team

Bharat Electronics Limited (BEL) has secured a contract worth Rs 5.93 billion (excluding taxes) from the Indian Air Force for the comprehensive maintenance of the Akash Missile System. Originally supplied by BEL, the system highlights the company鈥檚 ongoing role in supporting India鈥檚 defence infrastructure.

This new contract adds to BEL鈥檚 order book at the start of FY 2025-26, reinforcing its growth momentum. Additionally, BEL has successfully negotiated further orders worth Rs 50 billion, underlining its strong project pipeline and leadership in the defence electronics sector.

For FY 2024-25, BEL reported provisional revenue of Rs 230 billion 鈥攁 16% year-on-year increase鈥攄espite falling short of its Rs 250 billion order intake target. Export sales also rose 14% year-on-year to $106 million, up from $92.28 million in FY 2024.

(indiainfoline)

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