Boosted by a new defence pact with BEL, Centum Electronics shares hit record highs as the partnership targets radar, electronic warfare and secure communication technologies.
Bharat Electronics Limited (BEL), a Navratna Defence PSU, has signed a Memorandum of Understanding (MoU) with Centum Electronics Limited (Centum) to develop advanced electronic systems for India’s defence sector jointly.
The agreement focuses on collaboration in the design, development, and production of high-end modules, subsystems, and systems in areas such as electronic warfare, radar technologies, and secure military communications.
The MoU was formally exchanged at BEL’s corporate office, where Suresh Kumar K V, Director (Marketing), BEL, and Apparao V Mallavarapu, Chairman and Managing Director, Centum, signed the agreement. The ceremony was witnessed by Manoj Jain, Chairman and Managing Director, BEL, and Dr Vinod Chippalkatti, President, Centum.
Although the companies are yet to disclose the details of the partnership, they agreed that these domains are considered vital for strengthening India’s indigenous defence capabilities.
BEL, under the Ministry of Defence, has an extensive portfolio of covering radars, communication systems, electronic warfare, naval solutions, avionics and homeland security equipment.
It is also diversifying into civil aviation, unmanned systems, cybersecurity, medical electronics, and artificial intelligence (AI). The company is certified at CMMI Level 5 and holds multiple international quality and security certifications.
Centum, founded in 1994 and headquartered in Bengaluru, is a multinational firm with operations in India, Europe and North America. The company supports defence, aerospace and space agencies, including DRDO and ISRO, and supplies to more than 20 countries.
Its expertise spans electronic system design, embedded software, mechanical systems and large-scale manufacturing for mission-critical applications.
Following the signing of the MoU, shares of Centum Electronics hit a record high on Wednesday, climbing over 6%. The stock touched ₹2840 before easing to ₹2,765.5, still up 3.4% against Nifty 50’s 0.25% rise.
This marks its fourth straight session of gains, up nearly 13% in that period and 34% so far this year, giving it a market capitalisation of ₹40.6381 billion.
