India’s BEL Sits On Order Book Value Of $6.2 Billion for Fiscal 2017

India’s state-owned defense electronics manufacturer, Bharat Electronics sits on a current order book value of over INR 40000 crore (US$6.2 billion) and is expecting an additional INR 13,000 crore (US$2 billion) this year.

“Last year, BEL had around 17 per cent growth rate and we expect to continue at the same growth rate. Our export business is about 6 per cent of our turnover and we are planning to increase it to 10 per cent. Typically about 80 per cent of our business is from our core area. All our contracts are fixed price contracts,” BEL CMD Gowtama said during the annual press conference Wednesday.

BEL has registered a Export turnover of $65 Million for the current fiscal. Some significant orders executed during the year include supply of the following products / systems; Akash Weapon System, Fire Control System, L70 Gun Upgrade , Integrated Air Command & Control System , Low Level Transportable Radar, 3D Tactical Control Radar, HHTI with LRF and Radio Relay Frequency (LB).

During the year 2016-17, the Company received many orders. Significant among these orders include: Long Range Surface to Air Missile with MFSTAR, Advanced Composite Communication System for P17, L-Band Static Tropo Upgrade, Electronic Warfare Suite (Shakti & Nayan), Giga Bit Ethernet based Ship Data Network for P17, Hand Held Thermal Imager (without LRF), Low Intensity Conflict EW System, Home Land Security and ALG Communication, the company said in a statement.