Bharat Electronics forecasts 12-15% annual growth

Although Bharat Electronics (BEL) received reduced orders in 2017-18, still the state-owned PSU expects large sales in the coming three years, which include Akash surface-to-air missiles, EW Samyukta , Commander Thermal Imagers and quick reaction surface-to-air missiles (QR SAM). BEL is also venturing into the manufacture of ammunition, and setting up two factories in Andhra Pradesh for the purpose. MV Gowtama, Chairman/MD expects a 12-15% annual growth over the next three years.