The Indian Air Force (IAF) has awarded a major contract worth ₹593.22 crore (excluding taxes) to Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, for the thorough maintenance of the Akash Missile System.
The fact that BEL was the initial supplier of this system highlights the company’s crucial contribution to India’s defence infrastructure and post-purchase assistance. With the contract, BEL gets off to a great start in the fiscal year 2025–2026 and sets itself up for future development and expansion in the defence industry.
The agreement emphasises BEL’s long-standing partnership with the Indian military and its proficiency in offering premium maintenance services. In addition to this contract, BEL has reached agreements for other orders totalling about ₹5,000 crore, suggesting a strong business pipeline.
It is anticipated that these potential agreements will strengthen BEL’s standing in the national and international defence markets.
It is anticipated that these potential agreements will strengthen BEL’s standing in the national and international defence markets.
Because it ensures domestic expertise in maintaining vital air defence assets, BEL plays a major role in India’s defence upgrading and supports the government’s “Make in India” drive.
The company’s success in landing defence contracts highlights its vital position in India’s defence industry, enhancing its revenue stream and demonstrating its proficiency in modern defence solutions and missile system maintenance.
BEL recorded a provisional revenue of ₹23,000 Crores, representing a 16% year-over-year increase over the prior year, even though it fell short of its order inflow guidance for the fiscal year 2025.
