Companies

Bharat Dynamics eyeing ₹25,000 cr order book in next four years

V. Rishi Kumar Hyderabad | Updated on July 16, 2019 Published on July 16, 2019

Commodore Siddharth Mishra (Retd), Chairman and Managing Director, BDL

To step up missile exports, offset engagements

Defence PSU Bharat Dynamics Ltd (BDL) is executing orders worth over Rs 8,000 crore and expects the order book to swell to Rs 25,000 crore over the next three to four years.

Upbeat on the business prospects and further strengthening its engagements, the defence PSU is set to celebrate its 50th year of formation.

The company has been supplying to the country’s defence sector and lately to a neighbouring friendly country, Siddharth Mishra, Chairman and Managing Director of BDL said “the company has been mandated to step up exports to about 10 per cent of its business and we look forward to achieving this goal.”

 

NEW FACILITY

BDL is also in the process of setting up of a facility at Amaravati in Maharashtra where it expects to invest about Rs 300 crore. It has already made land acquisition and all clearances are in place. Once we secure orders, the facility would be developed, the CMD explained.

While it is engaged in the manufacture of second generation of missile systems, it is working on the third generation range and expects to roll them out by next year.

Providing details of the PSU functioning and the way forward, the CMD said in the years to come, BDL expects optimisation of existing production lines, maximising the geostatic reach by increasing exports and indigenisation, work towards co-development with design agencies for new projects, take up more offset projects with global OEMs and suppliers and upgradation of manufacturing through innovation.

 

Akash, a surface to air missile

 

Apart from its engagements in co-development programmes with the Defence Research and Development Organisation (DRDO) for QR SAM, Akash 1S, Akash NG, ASTRA and Sonobuoys, BDL is entering into new domains.

As a part of its growing engagements and potential to tap the defence Offset business, it is also under discussions with various OEMs to get new technologies. It has signed up with Thales of UK for Starstreak missiles.

BDL is currently manufacturing Anti-Tank Guided missiles, Milan 2T, Konkurs-m, Invar, Surface to Air Missile Akash, Medium range Surface to air underwater weapon like Torpedo and counter measures Dispensing Systems for various aircraft platforms.

 

Advanced Light and HeavyWeight Torpedo

 

 

Listed on the BSE in March 2018, the company had closed 2017-18 with revenues of Rs 4,586 crore. However, the revenues were down to Rs 3,069 crore last fiscal as the order book addition was slower than expected timeline.

Over the years, BDL has partnered with Aerospatiale of France, Russia for Konkurs, and with Israel through joint development with DRDO among others.

It has partnered with IIIT-H for using artificial intelligence in processing systems and missiles and close to signing up with T-Hub to push to start ups.

Established in 1970, BDL manufactures and supplies missile systems to the country’s armed forces. It has facilities at Kanchanbagh and Bhanur near Patancheru, and the third one at Vishakhapatnam in Andhra Pradesh. The Vizag facility manufactures underwater weapon systems, torpedos and anti torpedo decoy systems. BDL has created an exclusive facility for production and testing of surface to air missiles at Ibrahimpatnam in Telangana.

 

Published on July 16, 2019
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