Indian BEL Records $1.5 Billion Turnover During 2017-18

India’s state-run Bharat Electronics Limited (BEL) has a turnover of more than Rs.10,000 Crores (USD 1.5 billion) (Provisional & Unaudited) during FY 2017-18, sustaining double digit growth over the previous year’s turnover of Rs.8,825 Crores (USD 1.35 billion).

Some of the flagship projects executed during the year include Integrated Air Command & Control System (IACCS), Weapon Locating Radar (WLR), Hand Held Thermal Imager (HHTI), Akash Weapon System (Army), Naval Fire Control System, Integrated Communication System, 3-D Tactical Control Radar (TCR), Electronic Warfare Systems, L-70 Gun Upgrade, Electronic Voting Machines (EVM) and Voter Verifiable Paper Audit Trail (VVPAT), the company said in a statement Monday.

BEL’s Chairman & Managing Director, Mr Gowtama M V, said: “The focus on indigenisation for self-reliance has continued with more vigour, besides capacity building, expansion and enhanced outsourcing to SME sector. BEL has been able to maintain good order acquisition this year. These efforts will complement BEL to sustain growth, capitalise future opportunities and consolidate market leadership in the Defence business.”