Companies

BEL bags orders worth Rs 23, 200 cr in financial year 2018-19

Anil Urs Bengaluru | Updated on April 01, 2019 Published on April 01, 2019

Bharat Electronics Limited (BEL), a defence public sector undertaking (PSU) has achieved a turnover of Rs 11,700 crore (Provisional & Unaudited) during the Financial Year 2018-19, sustaining double digit growth (an increase of 16 per cent) over the previous year's turnover of Rs 10,085 crore.

The company’s order book position as on April 1, 2019 is Rs 51,600 crores. The year saw an all-time high order acquisition of Rs 23, 200 crores.

Major Orders

Some of the major orders acquired during the year are 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.

The flagship projects executed by the company during FY 2018-19 are Integrated Air Command and 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 Orders

BEL achieved export sales of $21.87 million during FY 2018-19. Major products exported include coastal surveillance system spares, acoustic test facility, CoMPASS, cable looms and electro mechanical parts.

M V Gowtama, company’s Chairman & Managing Director 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.”

Published on April 01, 2019

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