BEL wins orders worth Rs 1,150 crores File photo
Defence Watch

BEL wins orders worth Rs 1,150 crores

Defence Watch Bureau

New Delhi: Navaratna Defence PSU Bharat Electronics Limited (BEL) on Wednesday said that it has received orders worth Rs 1,150 crores till date during the financial year 2024-25.

According to the company, the major orders include AMC of Akash Missile System, Combat Management System for ships, Missile Fire Control System for ships, Laser Range Finders, Communication Network Centre, etc.

PSU Watch is now on Whatsapp Channels. Click here to join

Backdrop

During the FY 2023-24, the net profit of the company stood at Rs 4,020.00 crore, with a growth of 33.70 percent over the net profit of Rs 3,006.67 crore recorded during the previous year (FY 2022-23).

The order book position of the company as on April 1 stood at Rs 75,934 crore.

BEL is a Navratna PSU under the Ministry of Defence. It manufactures state-of-the-art electronic products and systems for the Army, Navy and the Air Force. BEL has also diversified into various areas like homeland security solutions, smart cities, e-governance solutions, space electronics etc.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

MSDE partners with Swiggy to provide skilling, employment opportunities within its network

Air India posts 60% fall in losses at Rs 4,444 crore in FY'24: Tata Group

NTPC Talcher Kaniha bags '2024 Energy Management Insight Award'

NSE launches two sets of sculptures showing a bull and Indian family

Tata Power awards contracts worth Rs 11,481 crore to local suppliers