BEL achieves record turnover of Rs 17,300 cr

Navratna Defence PSU BEL has achieved a turnover of about Rs 17,300 crores (Provisional & Unaudited), during the Financial Year 2022-23

Bengaluru: Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a turnover of about Rs 17,300 crores (Provisional & Unaudited), during the Financial Year 2022-23, against the previous year’s turnover of Rs 15,044 crores, registering a growth of 15 percent, said the company in a statement on Saturday.

BEL's order book

"BEL's order book as on April 1 is around Rs 60,500 crores in the year 2022-23. BEL secured significant orders of around Rs 20,200 crores (excluding taxes). Some of the major orders acquired during the year were Himashakti, Medium Power Radar (Arudhra), Air Defence Control & Reporting System (Akashteer), Lynx U2 systems, EW Suite for MLH Upgrade, DR118 for Su-30, Weapon Locating Radar (WLR), SARANG ESM, etc," the statement added.

Projects of BEL

"Some of the major projects executed during FY 2022-23 were Long-Range Surface-to-Air Missile (LRSAM) systems, Akash Missile Systems, SATCOM Network, Command & Control Systems, various Radars, Electronic Warfare Systems, Communication equipment, Coastal Surveillance System, Electro-optic Systems, Fire Control Systems, Home Land Security Systems, Smart City projects, etc," it added.

Export sales

"BEL achieved export sales of around USD 46.5 Million during FY 2022-23 against the previous year’s export of USD 33.3 Million registering a growth of 40 percent. Major products exported include Transmit & Receive (TR) Modules, Radar Warning Receiver (RWR), Control Cards, Link-II Systems, Compact Multi-Purpose Advanced Stabilisation System (CoMPASS), Low Band Receivers (LBREC), Medical Electronics, etc. BEL has acquired Export Orders worth USD 75.66 Million during the year 2022-23," said the company in the statement.

Bhanu Prakash Srivastava, Chairman and Managing Director, BEL, said, “BEL has been contributing to the government’s Atmanirbhar Bharat initiative in the field of Defence and allied fields in a big way. BEL continues to focus on Research and Development through in-house efforts and collaboration with DRDO, Academia and other Industry partners. Make-in-India initiatives, Indigenisation, Outsourcing to Indian private industry, procurement from MSMEs & GeM procurement continue to top our priority list. BEL will continue to explore new growth opportunities through export initiatives, diversification, capability enhancement, competitiveness and modernisation.”

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