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HomeBusiness & TechnologyBharat Electronics Limited receives orders worth Rs 3000 crore

Bharat Electronics Limited receives orders worth Rs 3000 crore

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Bharat Electronics Limited has received an order of Rs.2,118.57 Crore from Cochin Shipyard Limited for supply of various equipment’s consisting of Sensors, Weapon equipment, Fire Control systems and Communication equipment for six numbers of Next Generation Missile Vessels (NGMV), class of anti-surface warfare corvettes for Indian Navy. The primary role of the ships would be to provide offensive capability against enemy warship, merchantmen and land targets. The delivery of ships is scheduled to commence in March 2027.

This project will have participation of Indian electronics and associated industries, including MSMEs, which are sub vendors of BEL.

The equipment manufactured by BEL are part of ‘Aatmanirbhar Bharat’ program.

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Increasing Orders

The Company has also received additional orders worth Rs.886 Crore since the last disclosure on 25th August, 2023 and the said orders pertain to Upgrade of AFNET SATCOM N/W, Upgrade of Akash Missiles with RF Seeker, Inertial Navigation System and other equipments with accessories and spares etc.

With this BEL has received orders worth Rs.14,384 Crore till now in the financial year 2023-24.

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About Bharat Electronics Limited

Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry of Defence, Government of India. It manufactures state-of-the-art electronic products and systems for the Army, Navy and the Air Force. BEL has also diversified into various areas like homeland security solutions, smart cities, e-governance solutions, space electronics including satellite integration, energy storage products including e-vehicle charging stations, solar, network & cyber security, railways & metro solutions, airport solutions, Electronic Voting Machines, telecom products, passive night vision devices, medical electronics, composites and software solutions.

BEL is among the elite group of Public Sector Undertakings with Navratna status. The growth of the company mirrors the advances in defence electronics in India. BEL has achieved many milestones over the years. The Akash Air Defence Weapon System is a shining example of BEL’s indigenous design, development and manufacturing drive. BEL has developed the Coastal Surveillance System for strengthening surveillance of India’s over-7,500-km-long coastline. The same is now on offer to friendly countries. BEL has made giant strides in Radars with the induction of Weapon Locating Radar and 3D Tactical Control Radar.

BEL is fast expanding its global presence. All-out efforts are being made to tap new export markets across the globe. In a bid to develop new markets in the Indian Ocean Region (IOR) and friendly foreign countries (FFCs), BEL has operationalised overseas marketing offices in Oman, Vietnam, Sri Lanka. BEL has also expanded its Singapore and New York Regional Offices to handle marketing activities. The company has identified Exports & Offsets as one of its thrust areas.

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