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BEL posts turnover of Rs 11,700 cr, sustains growth

This marks an increase of 16 percent over the last year when the BEL Limited’s turnover stood at Rs 10,085 crores
Bengaluru: Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a turnover of Rs 11,700 crores (provisional and unaudited) during the financial year 2018-19, sustaining double-digit growth (an increase of 16 percent) over the previous year’s turnover of Rs 10,085 crores.

BEL’s order-book

BEL’s order book, as on April 1, stands at Rs 51,600 crores. The year saw an all-time high order acquisition of Rs 23,200 crores. Some of the major orders acquired during the year were Long Range Surface to Air Missile System, Electronic Fuze, L 70 Gun Upgrade, Weapon Repair Facility for Naval Ships, Kerala-Fibre Optics Network (K-FON), Smart City Projects, Integrated Perimeter Security Solution (IPSS), Video Surveillance System, Naval Airfield Integrated Security System (NAISS), Real-Time Information System, etc, an official statement released by the PSU said.

Projects executed during FY 2018-19

Some of the flagship projects executed during FY 2018-19 were Integrated Air Command & Control System (IACCS), Weapon Locating Radar (WLR), Cdr TI Sights, Schilka Upgrade, Tropo Upgrade, Integrated Communication System (ICS), Long Range Surface to Air Missile System (LRSAM), Ground-based EW System, L-70 Gun Upgrade, Electronic Voting Machines (EVM), Voter Verifiable Paper Audit Trail (VVPAT), etc.

Export sales

BEL achieved export sales of US$ 21.87 million during FY 2018-19. Major products exported include Coastal Surveillance System Spares, Acoustic Test Facility, CoMPASS, Cable Looms, Electro-mechanical parts, etc. BEL’s Chairman and Managing Director, MV Gowtama, said: “BEL strives to attain self-reliance through enhanced indigenisation activities, expansion and modernisation, outsourcing to Indian industries, especially the SME sector. BEL has rolled out strategies to maximise its global outreach and increased footprint in international market segments in the coming years. All these efforts will help BEL to consolidate its market leadership position in the strategic electronics sector.”