BEL achieves record turnover of Rs. 17300 Crores

Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a turnover of about Rs. 17300 Cr (Provisional & Unaudited), during the Financial Year 2022-23, against the previous year's turnover of Rs. 15,044 Cr registering a growth of 15%.

BEL's Order Book as on April 1, 2023, is around Rs. 60500 Cr. In the year 2022-23, BEL secured significant orders of around Rs.20200 Cr (excluding taxes). Some of the major orders acquired during the year were Himashakti, Medium Power Radar (Arudhra), Air Defence Control & Reporting System (Akashteer), Lynx U2 systems, EW Suite for MLH Upgrade, DR118 for Su-30, Weapon Locating Radar (WLR), SARANG ESM etc.

Some of the major projects executed during FY 2022-23 were Long-Range Surface-to-Air Missile (LRSAM) systems, Akash Missile Systems, SATCOM Network, Command & Control Systems, various Radars, Electronic Warfare Systems, Communication equipment, Coastal Surveillance System, Electro-optic Systems, Fire Control Systems, Home Land Security Systems, Smart City projects etc.

BEL achieved Export sales of around US$ 46.5 Million during FY 2022-23 against the previous year's export of US$ 33.3 Million registering a growth of 40%. Major products exported include Transmit & Receive (TR) Modules, Radar Warning Receiver (RWR), Control Cards, Link-II Systems, Compact Multi-Purpose Advanced Stabilisation System (CoMPASS), Low Band Receivers (LBREC), Medical Electronics etc. BEL has acquired Export Orders worth US$ 75.66 Million during the year 2022-23.

Shri. Bhanu Prakash Srivastava, Chairman & Managing Director, BEL, said: "BEL has been contributing to the Government's Atmanirbhar Bharat initiative in the field of Defence and allied fields in a big way. BEL continues to focus on Research & Development through in-house efforts and collaboration with DRDO, Academia & other Industry partners. Make in India initiatives, Indigenisation, Outsourcing to Indian private industry, procurement from MSMEs & GeM procurement continue to top our priority list. BEL will continue to explore new growth opportunities through export initiatives, diversification, capability enhancement, competitiveness and modernisation."

Shares of Bharat Electronics Limited was last trading in BSE at Rs. 97.55 as compared to the previous close of Rs. 91.49. The total number of shares traded during the day was 2126223 in over 8857 trades.

The stock hit an intraday high of Rs. 98.35 and intraday low of 94.75. The net turnover during the day was Rs. 207010514.00.

Source : Equity Bulls

Keywords

BharatElectronics INE263A01024 BEL Defence Turnover FY2023