MINISTRY OF DEFENCE SIGNS Rs 770 CRORE CONTRACT WITH BEL

Ministry of Defence has signed a contract with

to procure Improved Low Level Light Weight Radar (LLLR-I) at a cost of nearly Rs 770 crore. The LLLR-I system has the capability of detecting and tracking fighter size targets and mini and micro drones. It also has the additional capability of prioritizing aerial targets. This will enable the Army to successfully counter the threat of the Unmanned Aerial System (UAS). Having a market cap of Rs 2,66,000 crore, the company has maintained a strong ROCE and ROE of 36.4% and 27.4% respectively. It has also delivered a good profit growth of 24% CAGR over last 5 years, and with new order wins, the company's profits are expected to further grow in the coming years.