Defence public sector Bharat Electronics Ltd (BEL) has achieved a landmark turnover of more than Rs 10,000 crore (provisional and unaudited) during financial year (FY) 2017-18, sustaining double-digit growth over the previous year’s turnover of Rs 8,825 crore.
Some of the flagship projects executed during the year include the 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).
BEL’s Chairman and Managing Director, Gowtama M V, said: “The focus on indigenisation for self-reliance has continued with more vigour, besides capacity building, expansion and enhanced outsourcing to the SME sector. Also, BEL has been able to maintain good order acquisition this year. These efforts will help BEL sustain growth, capitalise future opportunities and consolidate market leadership in the Defence business.”