Updated: Apr 01, 2019 12:44 IST
Bengaluru (Karnataka) [India], Apr 1 (ANI): Navratna defence PSU Bharat Electronics Limited (BEL) on Monday reported turnover of Rs 11,700 crore during 2018-19, sustaining 16 per cent growth over the previous year’s turnover of Rs 10,085 crore.
The year saw an all-time high order acquisition of Rs 23,200 crore, taking the order book to Rs 51,600 crore.
Some major orders include long-range surface-to-air missile system, Kerala fibre optics network, smart city projects, integrated perimeter security solution, weapon repair facility for naval ships and naval airfield integrated security system.
Among the flagship projects executed during 2018-19 were integrated air command and control system, weapon locating radar, thermal image sights, Schilka tanks upgrade, tropo upgrade, integrated communication system, long-range surface-to-air missile system, ground-based electronic warfare system, L-70 gun upgrade, electronic voting machines and voter verifiable paper audit trail.
At the same time, BEL achieved export sales of 21.87 million dollars (about Rs 150 crore) in 2018-19. Major products exported include coastal surveillance system spares, accoustic test facility, compact multi-purpose advance stabilisation system, cable looms and electro mechanical parts.
“BEL strives to attain self-reliance through enhanced indigenisation activities, expansion and modernisation, and outsourcing to Indian industries especially SME sector,” said Chairman and Managing Director M V Gowtama.
“The company has rolled out strategies to maximise its global outreach and increased footprint in international market segments in the coming years.”