Defence public sector undertakings Bharat Electronics Ltd (BEL) and Hindustan Aeronautics Ltd (HAL) are learned to have secured fresh deals from the country’s defence forces. BEL is likely to upgrade the electronic suites in the Indian Air Force’s Mi-17 helicopters, sources told Zee Business.

The news comes at a time when the country's defence space is anticipated to see gradual growth amid rising demand for defence capabilities in tandem with the central government's 'Atmanirbhar' (self-reliant) push.

Many analysts hold a positive outlook on defence PSU stocks in view of strong long-term demand prospects.

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Currently, the Indian Air Force (IAF) has more than 200 units of these helicopters in service.

The total value of the deal is estimated at Rs

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