Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a turnover of Rs. 13,500 crore during FY 2020-21 against previous years turnover of Rs. 12,608 crore despite challenges posed by COVID-19 pandemic and intense competition in business.
BEL’s order book as on April 1, 2021 is around Rs. 53,000 crore. In FY 2020-21, BEL secured significant orders worth Rs. 15,000 crore. Some of the major orders acquired during the year are ICU ventilators, Software Defined Radios (SDR) & communication equipment, various types of radars, sonars, torpedo decoy systems, electronic warfare systems, networking & encryption products, and smart cities etc.
Some of the flagship projects executed during FY 2020-21 are ICU ventilators, missile systems (Akash & LRSAM), gun upgrades, radars, sonars, command & control systems, electro-optic systems, communication & encryption products, EW systems, coastal surveillance system, electronic fuses, homeland security & smart city projects, KFON, avionics package for LCA etc.
The company achieved export sales of around US $50 million during FY 2020-21. Major products exported include coastal surveillance system, Trans-Receive (TR) Modules, Bharati Radio, Identification of Friend or Foe-Interrogator (IFFI), Electro-Optic System Compact Multi – Purpose Advanced Stabilization System (EOS CoMPASS), Electro-Mechanical parts, Radar Fingerprinting System (RFPS), Low Band Receivers(LBREC), Spares for Radars etc.
M. V. Gowtama, CMD, BEL said, “BEL will continue its efforts in becoming self reliant through enhanced focus on indigenization, outsourcing to domestic industry with more thrust on MSME & GeM procurement and thus minimizing import dependency. The company is poised to explore & tap new growth areas and new business avenues through continuous diversification, enhancement of capabilities & competitiveness, modernization etc. BEL has forayed into new potential business segments viz., Healthcare Solutions, Network & Cyber Security, Space Electronics, Energy Storage Systems, Software etc., and is confident of making significant headway in these segments in the years to come.”