Bharat Electronics achieves record turnover of Rs13,500cr in FY21

BEL's Order Book as on 1st April,2021 is around Rs53,000cr.

Apr 01, 2021 04:04 IST India Infoline News Service

Bharat Electronics
Bharat Electronics Limited (BEL) has informed that it has achieved a turnover of about Rs13500cr during Financial Year 2020-21, against previous years turnover of Rs12608cr in spite of the challenges posed by COVID19 Pandemic & intense competition in business.

BEL's Order Book as on 1st April,2021 is around Rs53000cr. In the year 2020-21, BEL secured significant orders worth Rs15000cr.

Some of the major orders acquired during the year are ICU Ventilators, Software Defined Radios & 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, Various Radars, Various Sonars, Command & Control Systems, Electro-optic systems, Communication & Encryption products, EW Systems, Coastal Surveillance System, Electronic Fuzes, Home Land Security & Smart City Projects, KFON, Avionics Package for LCA etc.

BEL 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 Finger Printing System (RFPS), Low Band Receivers (LBREC), Spares for Radars etc.

BEL's Chairman & Managing Director M V Gowtama 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."

Bharat Electronics ended at Rs126.10 per piece up by Rs1 or 0.8% from its previous closing of Rs125.10 per piece on the BSE.

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