BEL share price gains on signing MOU with a Tata entity, trades close to record high

Stock Market Today: Bharat Electronics (BEL) share price gained in the intraday trade on Monday, June 9, after the company announced signing an MOU (memorandum of understanding) over the weekend with Tata Electronics. Bharat Electronics share price was trading close to record highs, it scaled on Friday.

BEL-Tata Electronics MoU Details

BEL intimated the exchanges on Friday, June 6, 2025, post-market hours, about signing a memorandum of understanding for semiconductor development with Tata Electronics.

In its release on the exchanges, Bharat Electronics said, “BEL, Tata Electronics ink MoU to advance India's ambition for self-reliance in electronics & semiconductor.”

Navratna defence PSU BEL and Tata Electronics' MoU is targeted towards developing indigenous semiconductor and electronics solutions.

“… the signing of a Memorandum of Understanding (MoU) with Tata Electronics towards the development of indigenous electronics and semiconductor solutions in line with the Government of India's vision for self-reliance,” BEL added.

This MoU, as per BEL, also marks a significant step forward for BEL and Tata Electronics in jointly exploring end-to-end solutions to meet domestic requirements.

Other developments

BEL on Thursday announced securing orders worth ₹2,323 crore. The order secured by BEL is for base and depot spare parts for the missile systems on Indian Navy ships, totalling ₹2,323 crore (excluding taxes) from MDL, Mumbai, and GRSE, Kolkata. The spare parts will guarantee that the mission-critical equipment on board continues to operate.

The same had lifted sentiment and driven the BEL share price to record highs of ₹397 on Friday. On Monday, too, BEL share price scaled an intraday high of ₹395.20, and was trading very close to record high levels.

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