Bharat Electronics Limited has secured the contract for Ashwin Radar for the Air Force. The Defense Ministry gave this information on Wednesday. According to the information given by the ministry, under Atmanirbhar Bharat, a contract has been signed with BEL for the supply of low-level transportable radar i.e. Ashwin Radar for the Indian Air Force. This contract is worth Rs 2906 crore. This information came after the market closed on Wednesday. The impact of this news can be seen on the stock in the next session. BEL's stock closed at 277 with a slight decline on Wednesday.

This radar has been developed by DRDO. Ashwini radar is a very modern radar and is capable of tracking fast flying fighter planes as well as slow flying UAVs and helicopters. According to the Ministry of Defense, the purchase of these radars will further improve the working capacity of the Air Force. At the same time, dependence on the import of weapons can be further reduced. Along with this, such contracts will also be able to make a significant contribution to the development of the country's defense industrial ecosystem. At the same time, in the information sent to the stock market, BEL said that with this contract, the orders received by the company in the current financial year have reached Rs 17030 crore. How was the performance of the stock? In Wednesday's trading, the stock closed with a slight decline at the level of 277.