BEL achieves turnover of ` 8,800 crore
Navratna defence PSU the Bharat Electronics Limited (BEL) has ended the year 2016-17 by registering whopping top line figure of about ` 8,800 crore (provisional), a growth of about 17 per cent over the previous year’s turnover of ` 7,522 crore. Some of the flagship projects executed during the year include Akash Weapon System, Handheld 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, Ship-borne EW Systems, etc.
BEL’s Chairman and Managing Director M.V. Gowtama said, “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. Also, BEL has been able to maintain good order acquisition this year. These efforts will enable BEL to continue to have sustained growth while effectively addressing future opportunities in defence business.”