Bengaluru, Apr 1 (GCBusiness) Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a turnover of Rs.11,700 Crores (Provisional & Unaudited) during the Financial Year 2018-19, sustaining double digit growth year-on-year growth 16 per cent over the previous year’s turnover of Rs.10,085 Crores.
BEL’s Order Book as on Monday stood at Rs.51,600 Crores. The just ended fiscal saw an all-time high order acquisition of Rs.23,200 Crores.
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 and others, a company release said here on Monday.
Flagship projects executed during FY 2018-19 included Integrated Air Command & 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) and others.
BEL achieved Export sales of US Dollar 21.87 Million during FY 2018-19. Major products exported include Coastal Surveillance System Spares, Accoustic Test Facility, CoMPASS, Cable Looms, Electro Mechanical parts, etc.
BEL’s Chairman and Managing Director M V Gowtama, 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.”