Bharat Electronics achieves turnover of Rs15,000 crore during FY2021-22

1 Apr 2022 , 04:06 PM

Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a turnover of about Rs15000 crore (Provisional & Unaudited), during the Financial Year 2021-22, against the previous year's turnover of Rs13,818 crore, despite challenges posed by the COVID-19 pandemic and global semiconductors shortage.

BEL,s Order Book as on April 1, 2022, is around Rs57000 crore. In the year 2021-22, BEL secured significant orders worth (approx.) Rs18000 crore. Some of the major orders acquired during the year were Avionics Pack for Light Combat Aircraft (LCA), Advanced Electronic Warfare Suite for Fighter Aircraft, Instrumented Electronic Warfare Range (IEWR), Electronic Voting Machine (EVM) & Voter Verifiable Paper Audit Trail (WPAT), Cdr TI- T90 Tank, COMINT System, Radar Warning Receiver (RWR) & Missile Approach Warning System (MAWS) for C-295 Programme, Electronic Gun, IoT Gateway, etc.

Some of the flagship projects executed during FY 2021-22 were Missile Systems (Air Defence Weapon System & LRSAM), Command & Control Systems, Communication and Encryption products, various Sonars, Electro-optic Systems, Fire Control Systems, Gun Upgrades, various Radars, Electronic Warfare Systems, Coastal Surveillance System, Un-manned Systems, Home Land Security Systems, Smart City projects, K-FON, Medical Electronics, etc.

BEL achieved Export sales of around US$ 32.26 Million during FY 2021-22. Major products exported included Coastal Surveillance System, Trans-Receive (TR) Modules, EO-IR Payload System, Compact Multi-Purpose Advanced Stabilization System (EOS CoMPASS), Solar Hybrid Power Plant, Data Link, Electro-Mechanical parts, Low Band Receivers (LBREC), Medical Electronics, Spares for Radars, etc.

BEL's Chairman & Managing Director, Smt. Anandi Ramalingam, said: "Realising our country ' s goal of achieving Atmanirbhar Bharat is of paramount importance. BEL will make concerted efforts to achieve self-reliance through Make in India initiatives, indigenisation, import substitution, outsourcing to Indian private industry and enhanced thrust on MSME and GeM procurement. The Company is all set to expand its wings and increase its global footprints by making all-out efforts to tap new markets across the globe.

BEL will continue to explore new growth opportunities through diversification, capability enhancement and competitiveness, modernisation, etc. BEL has ventured into new potential businesses such as Arms 8l Ammunition, Medical Electronic Devices, Unmanned System Platforms, etc., and is poised to make significant headway in these segments in the years to come."

Bharat Electronics ended at Rs215.05 apiece up by Rs4.2 or 1.99% on the BSE.