State-owned defence major Bharat Electronics Ltd (BEL) has started receiving orders under emergency procurement (EP) from the Ministry of Defence and expects the momentum to pick up significantly in the coming months. The company is confident that these orders will play a key role in helping it surpass its full-year order inflow target of Rs 27,000 crore.
“We have received one or two orders already as part of emergency procurement,” said Manoj Jain, Chairman and Managing Director, during the company’s Q1 earnings call adding that by the next two months, we are expecting many more orders. Emergency procurement measures, designed to fast-track acquisition of critical defence equipment, are expected to remain open until September 2025. The Ministry of Defence recently reported that it has concluded 13 contracts under the Emergency Procurement (EP) mechanism amounting to Rs 1,981.90 crore against an overall sanctioned outlay of Rs 2,000 crore for the Indian Army.
“We have already crossed Rs 10,000 crore, and the remaining Rs 17,000 crore will be supported by EP orders," Jain added.
In the previous quarter earnings call, Jain had noted that the company expects to bag multiple orders from the recently-approved emergency procurement proposal for the Indian Armed Forces following Operation Sindoor. "We expect a minimum of 8 to 10 or more different line items immediately," Jain said during the call.
Strong order flow and execution to continue Apart from EP orders, BEL is in advanced stages of several large defence programs. The company confirmed that requests for proposals (RFPs) have been issued for the Samaghat electronic warfare system, with the Shatrughat program expected to follow soon. Together, these projects could add Rs 6,500 crore to BEL’s order book.
In addition, BEL is poised to benefit from the Indian Navy’s Next-Generation Corvette (NGC) program, where its share of subsystems could range between Rs 6,000–Rs 10,000 crore. These programs will carry high indigenous content and align with India’s focus on self-reliance in defence manufacturing.
In addition, BEL is executing orders related to the Ashwini and Arudhra radar systems, which together account for approximately Rs 2,500 crore, the Shakti electronic warfare system adds another Rs 2,000 crore and the Akash Army program, pegged at around Rs 3,000 crore. Jain noted that the successful trial of the Akash Prime variant was recently completed and has been widely reported in the media. The BMP upgrade program also contributes roughly Rs 3,000 crore to the order book.
For the June quarter, the defence PSU reported a net profit of Rs 970 crore, up 22.6 percent on-year, while revenue from operations rose 5 percent on-year to Rs 4,439.74 crore during Q1FY26. Sequentially, the revenue fell over 51 percent QoQ from Rs 9,149.59 crore reported in Q4FY25.
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