BEL has decided to set up major defence sector project in Andhra Pradesh.

   

     Bharat Electronics (BEL) has decided to set up major defence sector project in Anantapur district of Andhra Pradesh with an investment of Rs 1,500 crore. In this regard, the company has sought 1,000 acres of land in Penugonda in Anantapur district. The proposed facility is likely to create jobs for 500 people.
     The company also sought land for expanding the company's existing unit at Machilipatnam. In this regard, the company has urged the state government to allot 50 acres of land to increase the IR lenses production capacity from 30.000 to 2.5 lakh units.
     Bharat Electronics is a multi-produt, multi-technology, multi-unit conglomerate with over 350 products in the areas of military communication, radars, naval systems, C4I systems, weapon systems, homeland security, telecon & broadcast systems, electronic warfare, tank electronics, electro-optics, professional electronic components and solar photovoltaic systems.
     The promoters holding in the company stood at 75.02% while Institutions and Non-Institutions held 19.92% and 5.6% respectively.
     The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 2320.00 on 07-Jul-2014 and a 52 week low of Rs 895.00 on 04-Feb-2014.
    Stock price is Rs 1764.90, up by 27.40 points or 1.58% from its previous closing of Rs. 1737.95 on the BSE.