Mumbai: Navratna Defence PSU Bharat Electronics Ltd (BEL) has won the Jamnalal Bajaj Award for Fair Business Practices, instituted by the Council for Fair Business Practices, in the Manufacturing Enterprises in the Large category. Cdr (Retd) Sanjiv Bhende, AGM (Regional Office-Mumbai), BEL, received the award on behalf of BEL from Uday Kotak, Managing Director of Kotak Mahindra Bank, at the award ceremony held at Mumbai. Justice A P Shah, former Chief Justice of the Delhi High Court, and Shekhar Bajaj, CMD, Bajaj Electricals Ltd, were also present at the award function.
The Council for Fair Business Practices recognises and commemorates businessmen and industrialists who uphold the highest ethical practices in business, each year. BEL is India’s foremost defence electronics company that was established in 1954. BEL is one of the most efficient defence PSU that is steadily increasing its portfolio in defence electronics. It has been the most trusted partner of the Defence Research and Development Organisation (DRDO) and spends 8% to 9% of its turnover on R&D.
BEL has continuously strengthened India's armed forces (Indian Navy, Indian Air Force as well as Indian Army) with many indigenous defence systems in the field of radars, communication systems, Electronic Warfare systems, weapon systems, night vision devices, etc.
(PSU Watch- India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)