Bharat Electronics rises on inaugurating lithium ion development centre & battery automated assembly plant

Bharat Electronics is currently trading at Rs. 101.50, up by 0.70 points or 0.69% from its previous closing of Rs. 100.80 on the BSE.

Bharat Electronics
Bharat Electronics

The scrip opened at Rs. 100.85 and has touched a high and low of Rs. 101.95 and Rs. 99.90 respectively. So far 5430861 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 115.00 on 15-Sep-2022 and a 52 week low of Rs. 61.15 on 29-Oct-2021.

Last one week high and low of the scrip stood at Rs. 105.70 and Rs. 99.90 respectively. The current market cap of the company is Rs. 74340.45 crore.

The promoters holding in the company stood at 51.14%, while Institutions and Non-Institutions held 43.76% and 5.11% respectively.

Bharat Electronics (BEL) has inaugurated its Lithium Ion Development Centre and Battery Automated Assembly Plant at its Pune unit. It is a 5-megawatt plant primarily focused on research and development (R&D).

Presently, Li-Ion cells are imported in India for making battery packs. In order to achieve self-reliance in Li-Ion cell manufacturing, BEL in collaboration with NSTL (DRDO) has ventured into Li-Ion cell technology for defence and e-mobility applications.

BEL is a multi-product, multi-technology, multi-unit conglomerate with various 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.

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