Bharat Electronics, has entered into contracts with Mazagon Dock Shipbuilders (MDL), Mumbai and Garden Reach Shipbuilders and Engineers (GRSE), Kolkata for supply and services of LRSAM systems for 7 ships being built by MDL and GRSE, for the new ship building program.

The total value of the contracts is about Rs 92 billion. The supplies/deliveries will be made meeting the manufacturing timeline of the new ship. This is the highest ever single value order BEL has been awarded.

Shares of the company declined Rs 0.9, or 0.77%, to trade at Rs 115.55. The total volume of shares traded was 226,345 at the BSE (2.40 p.m., Wednesday).