Defense PSU BEL has taken its turnover to cross the Rs. 10,000 crore (provisional and unaudited) bump in FY 2017-18, sustaining a double-digit growth over the previous year's turnover of Rs. 8,825 crore.
Some of the major projects executed during the year included 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).
Chairman and Managing Director, Gowtama M V, said: "The focus on indigenization for self-reliance has continued with more vigor, besides capacity building, expansion and enhanced outsourcing to SME sector.
Also, BEL has been able to maintain good order acquisition this year.
"These efforts will complement BEL to sustain growth, capitalize future opportunities and consolidate market leadership in the defense business," he added.
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BEL's turnover exceeds Rs 10,000 crores
By IndianMandarins - 2018-04-03 10:28:35
Defense PSU BEL has taken its turnover to cross the Rs. 10,000 crore (provisional and unaudited) bump in FY 2017-18, sustaining a double-digit growth over the previous year's turnover of Rs. 8,825 crore.
Some of the major projects executed during the year included 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).
Chairman and Managing Director, Gowtama M V, said: "The focus on indigenization for self-reliance has continued with more vigor, besides capacity building, expansion and enhanced outsourcing to SME sector.
Also, BEL has been able to maintain good order acquisition this year.
"These efforts will complement BEL to sustain growth, capitalize future opportunities and consolidate market leadership in the defense business," he added.
