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Defence public sector undertaking BEL has posted 17 per cent higher turnover at ₹8,800 crore (provisional) for the financial year 2016-17 against a turnover of ₹7,522 crore last fiscal. BEL’s Chairman & Managing Director M V Gowtama said, “During the year (2016-17), the company’s main focus has been on indigenisation to achieve self-reliance, capacity building & expansion, and increased outsourcing to the SME sector.” “Also, the company has been able to maintain good order acquisition this year. These efforts will enable BEL to continue to have sustained growth, while addressing future opportunities in the defence business,” he added.
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