India’s state-owned defense electronics manufacturer, Bharat Electronics sits on a current order book value of over INR 40000 crore (US$6.2 billion) and is expecting an additional INR 13,000 crore (US$2 billion) this year.
“Last year, BEL had around 17 per cent growth rate and we expect to continue at the same growth rate. Our export business is about 6 per cent of our turnover and we are planning to increase it to 10 per cent. Typically about 80 per cent of our business is from our core area. All our contracts are fixed price contracts,” BEL CMD Gowtama said during the annual press conference Wednesday.
BEL has registered a Export turnover of $65 Million for the current fiscal. Some significant orders executed during the year include supply of the following products / systems; Akash Weapon System, Fire Control System, L70 Gun Upgrade , Integrated Air Command & Control System , Low Level Transportable Radar, 3D Tactical Control Radar, HHTI with LRF and Radio Relay Frequency (LB).
During the year 2016-17, the Company received many orders. Significant among these orders include: Long Range Surface to Air Missile with MFSTAR, Advanced Composite Communication System for P17, L-Band Static Tropo Upgrade, Electronic Warfare Suite (Shakti & Nayan), Giga Bit Ethernet based Ship Data Network for P17, Hand Held Thermal Imager (without LRF), Low Intensity Conflict EW System, Home Land Security and ALG Communication, the company said in a statement.
Indias state-owned Bharat Electronics (BEL) is expecting to sign a contract for next seven Long Range Surface-to-Air Missile (LRSAM) systems for the Navys P-17A stealth frigates program. “BEL has already signed a contract for the first four systems
Indias Bharat Electronics Ltd (BEL) will bid to supply electronic warfare systems for the Mi-17V5 helicopter which India has purchased from Russia. “We are bidding for the project by the Indian MoD for requirements in regard to the Mi-17V5 fleet,” MV Gautama, Chairman and Managing Director of Bharat Electronics during the AeroIndia 2017 airshow Wednesday
Bharat Electronics Ltd (BEL) has been chosen as one of ‘Indias Top 500 Companies at the Dun & Bradstreet Corporate Awards 2016 function held in Mumbai recently. Mr M M Pandey, GM (Navi Mumbai), BEL, received the award for BEL from Dr Bibek Debroy, Member, NITI Aayog, Government of India, the chief guest
Indias Hindustan Aeronautics (HAL) and Bharat Electronics (BEL) have signed an MoU with an aim of mutual cooperation and knowledge transfer in avionics. “The umbrella understanding includes sharing of expertise in design, development, engineering and manufacturing between HAL and BEL to develop and produce advanced airborne communication, electronic warfare systems etc
Indias Bharat Electronics (BEL) and Russia's Rosoboronexport have signed a Memorandum of Understanding (MoU) for the joint development of various sub-systems of defense projects under the Offset clause at Defexpo India 2016 today. Under the framework of this MoU, BEL and Rosoboroneexport will co-operate for the joint development of various sub-systems of major Defence projects under the Offset clause of the Defence Procurement Procedure (DPP) of the Ministry of Defence, Government of India
Indias state-run Bharat Electronics Limited (BEL) has a turnover of more than Rs.10,000 Crores (USD 1
Indias second conventional submarine, INS Khanderi, built at the Mazagon Dock Shipbuilders Ltd will start sea trials this week at Mumbai coast. INS Khanderi is slated to begin its long sea trials from Thursday,
Indias first Scorpene-class 'Kalvari' submarine that was built under transfer of technology from DCNS, France is in the final phase of trials and will be delivered in July-August. “The Kalvari (First of the Scorpene class) is in the final phase of trials
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