BEL achieves record turnover of ₹15,000 crore in FY22

Among other things, Bengaluru-based BEL manufactures Electronic Voting Machines.

Among other things, Bengaluru-based BEL manufactures Electronic Voting Machines.

Bharat Electronics (BEL) has achieved a turnover of ₹15,000 crore (provisional & unaudited) during the financial year 2021-22, against the previous year’s turnover of ₹13,818 crore despite challenges posed by the COVID-19 pandemic and global shortage of semi-conductors.

BEL Chairman & Managing Director Anandi Ramalingam said the company is all set to increase its global footprint by making all-out efforts to tap new markets. “BEL will continue to explore new growth opportunities through diversification, capability enhancement, competitiveness and modernisation,’‘ she added.

In fiscal 2021-22, BEL secured orders worth around ₹18,000 crore while its order book as of April 1, 2022, stood around ₹57,000 crore.

Major orders included Avionics Pack for Light Combat Aircraft (LCA), Advanced Electronic Warfare Suite for Fighter Aircraft, Instrumented Electronic Warfare Range (IEWR), Electronic Voting Machine (EVM) & Voter Verifiable Paper Audit Trail (VVPAT), Cdr TI- T90 Tank, COMINT System, Radar Warning Receiver (RWR) & Missile Approach Warning System (MAWS) for C-295 Programme, Electronic Gun, IoT Gateway.

Some of the projects executed during the fiscal included Missile Systems (Air Defence Weapon System & LRSAM), Command & Control Systems, Communication and Encryption products, various Sonars, Electro-optic Systems, Fire Control Systems, Gun Upgrades, various Radars, Electronic Warfare Systems, Coastal Surveillance System, Un-manned Systems, Home Land Security Systems, Smart City projects, K-FON and Medical Electronics.

BEL’s exports were around $32.26 million and major products exported included Coastal Surveillance System, Trans-Receive (TR) Modules, EO-IR Payload System, Compact Multi-Purpose Advanced Stabilization System (EOS CoMPASS), Solar Hybrid Power Plant, Data Link, Electro-Mechanical parts, Low Band Receivers (LBREC), Medical Electronics and spares for radars.

“BEL has ventured into new potential businesses such as arms and ammunition, Medical Electronic Devices, Unmanned System Platforms, and is poised to make significant headway in these segments in the years to come,’‘ Ms. Ramalingam said.

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Printable version | May 14, 2022 7:56:50 am |