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Bharat Electronics spurts on plan to invest Rs 500 crore to set up new facility in Andhra Pradesh

01 Oct 2015 Evaluate

Bharat Electronics is currently trading at Rs 1148.05, up by 11.00 points or 0.97% from its previous closing of Rs. 1137.05 on the BSE.

The scrip opened at Rs. 1142.00 and has touched a high and low of Rs. 1154.00 and Rs. 1140.00 respectively. So far 10343 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1386.67 on 04-Aug-2015 and a 52 week low of Rs. 656.38 on 08-Oct-2014.

Last one week high and low of the scrip stood at Rs. 1205.00 and Rs. 1126.40 respectively. The current market cap of the company is Rs. 27531.60 crore.

The promoters holding in the company stood at 75.02% while Institutions and Non-Institutions held 19.35% and 5.63% respectively.

Bharat Electronics (BEL) is planning to set up new facility in Anantapur district of Rayalaseema region in Andhra Pradesh at an estimated investment of Rs 500 crore. Coming up on 900 acres, the facility is an extension of the company’s Missile Systems Strategic Business Unit at its Bangalore Complex.

The company had established its first manufacturing unit in AP at Machilipatnam in 1982.

BEL is a multi-product, multi-technology, multi-unit conglomerate with over 350 products in the areas of military communication, radars, naval systems, C4I systems, weapon systems, homeland security, telecom & broadcast systems, electronic warfare, tank electronics, electro-optics, professional electronic components and solar photovoltaic systems.

Bharat Electronics Share Price

456.50 0.90 (0.20%)
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