IANS | 02 Apr, 2024
Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a
record turnover of around Rs 19700 crore during the Financial Year
2023-24, registering a growth of 13.65 per cent over the previous year’s
turnover of Rs 17,333 crore, according to a company statement issued on
Monday.
In the fiscal year 2023-24, BEL successfully secured orders worth
around Rs 35,000 crore. With this, the total order book of BEL as on
April 1st, 2024, stands at around Rs 76000 crore.
Among the
notable defence orders obtained during the year were 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 other
projects in the non-defence sector.
BEL also achieved export sales
of around US$ 92.98 million during FY 2023-24, as against the previous
year’s export turnover of US$ 48.33 million, registering a growth of 92
per cent.
Major products exported include Transmit & Receive
(TR) Modules, Compact Multi-Purpose Advanced Stabilisation System
(CoMPASS), Radar & Electronic Warfare Systems, Medical Electronics,
Communication equipment, etc.
As on 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.
BEL CMD Bhanu
Prakash Srivastava said: “We are in sync with the Government’s ‘Make in
India’ initiative as indigenisation, procurement from MSMEs and GeM
continue to top our priority list.
The company’s exports have also
grown significantly as compared to the previous year and Research &
Development continues to be a major thrust area, he added.
