BEL Achieves Record Turnover of Rs 17300 Crore

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Bengaluru: Bharat Electronics Limited (BEL) has achieved a turnover of about Rs 17300 crore (Provisional & Unaudited), during the financial year (FY) 2022-23, against the previous year’s turnover of Rs 15,044 crore registering a growth of 15%.

BEL’s order book as on April 1, 2023, is around Rs 60,500 crore. In the year 2022-23, BEL secured significant orders of around Rs 20,200 crore (excluding taxes). Some of the major orders acquired during the year were Himashakti, Medium Power Radar (Arudhra), Air Defence Control & Reporting System (Akashteer), Lynx U2 systems, EW Suite for MLH Upgrade, DR118 for Su-30, Weapon Locating Radar (WLR), SARANG ESM, etc.

Some of the major projects executed during FY 2022-23 were Long-Range Surface-to-Air Missile (LRSAM) systems, Akash Missile Systems, SATCOM Network, Command & Control Systems, various Radars, Electronic Warfare Systems, Communication equipment, Coastal Surveillance System, Electro-optic Systems, Fire Control Systems, Home Land Security Systems, Smart City projects, etc.

BEL achieved export sales of around US$ 46.5 million during FY 2022-23 against the previous year’s export of US$ 33.3 million registering a growth of 40%. Major products exported include Transmit & Receive (TR) Modules, Radar Warning Receiver (RWR), Control Cards, Link-II Systems, Compact Multi-Purpose Advanced Stabilisation System (CoMPASS), Low Band Receivers (LBREC), Medical Electronics, etc. BEL has acquired export orders worth US$ 75.66 million during the year 2022-23.

Bhanu Prakash Srivastava, Chairman & Managing Director, BEL said, “BEL has been contributing to the Government’s Atmanirbhar Bharat initiative in the field of Defence and allied fields in a big way. BEL continues to focus on Research & Development through in-house efforts and collaboration with DRDO, Academia & other Industry partners.”

“Make in India initiatives, Indigenisation, Outsourcing to Indian private industry, procurement from MSMEs & GeM procurement continue to top our priority list. BEL will continue to explore new growth opportunities through export initiatives, diversification, capability enhancement, competitiveness and modernisation,” he added.