Bharat Electronics bags export order from Airbus for C295 Aircraft Programme:

Bharat Electronics climbs 4% after Morgan Stanley expects stock to rise relative to Country Index

“As part of its Offset commitments under the prestigious C295 aircraft programme of the Government of India, and in line with the ‘Make in India’ policy, Airbus Defence and Space has signed a contract with Bharat Electronics Limited (BEL) for the manufacture and supply of Radar Warning Receiver (RWR) and Missile Approach Warning System (MAWS).

This is the biggest export order received till date by BEL, the company said in an exchange filing. The stock was trading at Rs 201.75, down Rs 7.35, or 3.52 percent.

It has touched an intraday high of Rs 210.30 and an intraday low of Rs 201.45.

News Source:- Moneycontrol

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