Last Updated : Wednesday, April 1, 2020 21:02:10

BHARAT ELEC marks record turnover in excess of 125 bln INR for FY20

BENGALURU / MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Bengaluru headquartered Bharat Electronics Ltd said of having achieved record turnover in excess of 125 billion (~12,500 crore) rupees for financial year 2019-2020, which ended on March 31st, 2020, recording 6% growth over the previous year turnover of 117.89 billion (~11,789 crore) rupees.

In a press-release titled, “BEL achieves record turnover in excess of Rs.12,500 Crores”, as enclosed with the regulatory filing as submitted by the company to the Indian Bourses, it further read that, Navratna Defence PSU Bharat Electronics Limited (BEL) posted a turnover in excess of Rs.12,500 Crores (Provisional & Unaudited) during the Financial Year 2019-20. The company had a growth of 6% over the previous year’s turnover of Rs.11,789 Crores.

BEL,s Order Book as on 1.4.2020 is Rs.51,800 Crores (~518 billion).

The year saw BEL securing significant orders worth Rs. 13,000 Crores (~130 billion).

Some of the major orders acquired during the year are Akash (7 Sqdn), Coastal Surveillance Systems (CSS), Upgrade for EW system, Radars, AMCs for Radars & Weapon systems, Software Defined Radio (SDR), Sonars, Advanced Communication Systems, etc.

Some of the flagship projects executed during FY 2019-20 are Command & Control Systems, Thermal Imagers for tanks, Upgrade of communication system, Land Based EW systems, Weapon Repair Facility, Electronic Fuzes, various Radars, Smart City Projects, Delhi CCTV project, Schilka Upgrade, Avionics Package for LCA, Classroom Jammers, Real Time Information System for Railways and LRSAM.

BEL achieved Export sales of US$ 48.59 Million during FY 2019-20.

Major products exported include Cable Looms, Coastal Surveillance System Spares, Radar, Compact Multi-Purpose Advanced Stabilization System (CoMPASS), Electro Mechanical parts, etc.

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