BEL reports Rs 13,500 crore turnover

BENGALURU: Security block Bharat Electronics Limited (BEL) on Thursday announced a turnover of around Rs 13,500 (provisional and unaudited) in the financial year 2020-21, compared to a turnover of Rs 12,608 in the previous year.
“The order book as of April 1, 2021 is about Rs 53,000. In 2020-21, BEL secured significant orders worth Rs 15,000, and some of the main orders are ICU fans, software-defined radio and communication equipment, various types of radar, sonar, torpedo lures, e-war systems, network and coding products. etc. “, Said in a statement by BEL.
BEL achieved export sales of about $ 50 million that year. “… The main exported products include a shore monitoring system, reception modules (TR), Bharati radio, friend or enemy interrogator identification (IFFI), electromechanical parts, Radar Fingerprint System (RFPS), low frequency receivers, spare parts for radars’, the statement added.
MV Gowtama, CMD, BEL said the company will continue its efforts to rely on itself through an increased focus on indigenization, outsourcing local industry with a greater focus on supplying MSMEs and GeM, minimizing dependence on imports.
“The company is ready to explore and use new areas of growth and new business paths through continuous diversification, improving capabilities and competitiveness, Modernizationetc. “BEL has embarked on new potential business segments such as healthcare solutions, network and cybersecurity, space electronics, energy storage systems, software and is confident that it will make significant progress in these segments in the coming years,” Goutama said.