Bharat Dynamics Signs MoU with Department of Defence Production
NEW DELHI. Bharat Dynamics Limited (BDL), a miniratna Defence Public Sector Undertaking (DPSU) has signed a Memorandum of Understanding ( MoU) with the Ministry of Defence for the financial year 2017-18, a Government press statement said July 18.
The MoU, which was signed between Secretary ( Defence Production) Mr AK Gupta on behalf of the Ministry of Defence and the Chairman and Managing Director (CMD), BDL Mr V Udaya Bhaskar outlines targets and various performance parameters for BDL for the year 2017-18.
The revenue from operations, as per the MoU, has been targeted at Rs 5,300 crore, which is an increase of 20 per cent over the previous year. BDL has planned to spend an amount of Rs 140 crore for modernisation and Capital expenditure.
BDL has also drawn a roadmap to meet its scheduled delivery of ATGM and SAM to its customers for the year 2017-18. Continuing with its green initiative, BDL has planned 5 MW Solar Plant at its upcoming unit at lbrahimpatnam in Telangana.
A substantial emphasis has been made on R& D by the company in pursuit of its selfreliance. Design and development of Advanced Data Field Loader is planned for the year 2017-18.