Bharat Electronics Limited (BEL), a Navratna Defence PSU, has achieved a remarkable turnover of around Rs. 19,700 Cr (Provisional & Unaudited) during the Financial Year 2023-24, marking a significant growth of 13.65% compared to the previous year’s turnover of Rs. 17,333 Cr.
In FY 2023-24, BEL secured orders worth approximately Rs. 35,000 Cr, including notable defence orders such as Electronic Fuzes, EW Systems, Communication Systems for naval warships, Fire Control Systems, Akash Prime Weapon System, Radars, Sonars, Software Defined Radios, Night Vision Devices, Tactical Communication Systems, and projects in the Non-defence sector.
The total order book of BEL as of April 1st, 2024, stands at around Rs. 76,000 Cr. Additionally, BEL achieved Export sales of around US$ 92.98 Million during FY 2023-24, witnessing a remarkable growth of 92% compared to the previous year’s export turnover of US$ 48.33 Million. Major products exported include Transmit & Receive (TR) Modules, Compact Multi-Purpose Advanced Stabilisation System (CoMPASS), Radar & Electronic Warfare Systems, Medical Electronics, and Communication equipment.
As of April 1st, 2024, BEL’s export order book stands at USD 407 million, with export orders acquired during the fiscal year amounting to USD 211 million.
Shri Bhanu Prakash Srivastava, Chairman & Managing Director, BEL, expressed his satisfaction with the company’s performance, highlighting BEL’s focus on research & development, collaborations with DRDO, academia, and industry partners. He emphasized BEL’s alignment with the Government’s ‘Make in India’ initiative, prioritizing indigenisation, procurement from MSMEs, and leveraging GeM. Srivastava affirmed BEL’s commitment to exploring new growth opportunities through export initiatives, diversification, capability enhancement, competitiveness, and modernisation.
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