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BEL registers turnover of Rs 13,500 crore in FY 2020-21

Bharat Electronics Limited (BEL) has achieved a turnover of about Rs 13,500 crore (provisional & unaudited) during the financial year 2020-21

BEL registers turnover of Rs 13,500 crore in FY 2020-21
BEL registers turnover of Rs 13,500 crore in FY 2020-21

New Delhi/Bengaluru: Navratna Defence PSU Bharat Electronics Limited (BEL) said on Thursday that it has achieved a turnover of about Rs 13,500 crore (Provisional & Unaudited) during the financial year 2020-21 against the previous year's turnover of Rs 12,608 crore in spite of the challenges posed by the COVID-19 pandemic and intense competition in business.

BEL's order book, as of April 1, is around Rs 53,000 crore. In the year 2020-21, BEL secured significant orders worth Rs 15,000 crore. Some of the major orders acquired during the year are ICU Ventilators, Software Defined Radios & Communication equipment, various types of Radars, Sonars, Torpedo Decoy Systems, Electronic Warfare Systems, Networking & Encryption products, and smart cities etc.

Some of the flagship projects executed during FY 2020-21 are ICU Ventilators, Missile Systems (Akash & LRSAM), Gun Upgrades, Various Radars, Various Sonars, Command & Control Systems, Electro-optic systems, Communication & Encryption products, EW Systems, Coastal Surveillance System, Electronic Fuzes, Home Land Security & Smart City Projects, KFON, Avionics Package for LCA etc, the company said in an official statement.

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BEL achieved export sales of around US$ 50 million during FY 2020-21. Major products exported include Coastal Surveillance System, Trans-Receive (TR) Modules, Bharati Radio, Identification of Friend or Foe–Interrogator (IFFI), Electro-Optic System Compact Multi-Purpose Advanced Stabilization System (EOS CoMPASS), Electro-Mechanical parts, Radar Finger Printing System (RFPS), Low Band Receivers (LBREC), spares for radars etc, it added.

BEL's Chairman & Managing Director (CMD) MV Gowtama said, “BEL will continue its efforts in becoming self-reliant through enhanced focus on indigenisation, outsourcing to the domestic industry with more thrust on MSME and GeM procurement and thus minimising import dependency. The company is poised to explore and tap new growth areas and new business avenues through continuous diversification, enhancement of capabilities and competitiveness, modernisation etc. BEL has forayed into new potential business segments viz, healthcare solutions, network and cybersecurity, space electronics, energy storage systems, software etc, and is confident of making significant headway in these segments in the years to come.

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