BEL clocks turnover of Rs 8,800 cr -Governance Now

BEL clocks turnover of Rs 8,800 cr

BEL executed some of the big projects in 2016-17 like Akash Weapon System, Hand held Thermal Imager with Laser Range Finder and 3D Tactical Control Radar among others

GN Bureau | April 10, 2017

#BEL #turnover #Bharat Electronics Limited

Navratna defence PSU, Bharat Electronics Limited (BEL) has registered a whopping turnover of Rs 8,800 crores (provisional) in the recently concluded 2016-17 fiscal, a growth of about 17 per cent over the previous year’s turnover.

The defence enterprise executed some of the big projects like Akash Weapon System, Hand held Thermal Imager with Laser Range Finder, 3D Tactical Control Radar, Weapon Locating Radar, Upgraded L-70 Guns, Fire Control systems, Hull Mounted Sonar, Radio Relays, Elements of Integrated Air Command and Control system and Ship Borne EW systems among others.

“During the year the company’s main focus has been on indigenisation to achieve self-reliance, capacity building and expansion and increased outsourcing to SME sector. The BEL also maintained good order acquisition this year. These efforts will enable BEL to continue to have sustained growth while effectively addressing future opportunities in defence business,” chairman and managing director, BEL, M V Gowtama said.

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