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PSU BEL achieves record turnover of Rs 13.5k crore during 2020-21

Navaratna defence PSU Bharat Electronics Limited (BEL) has achieved a record turnover of about Rs 13,500 crore (Provisional & Unaudited) during 2020-21. This feat has been achieved despite the challenges thrown by the pandemic.  

BEL’s order book as of April 1 this year is around 53,000 crore and in 2020-21, BEL said it secured orders worth Rs 15,000 crore. It achieved export sales of around USD 50 million during 2020-21.  

Major orders acquired during the year are ICU ventilators, software-defined radios & communication equipment, various types of radars, sonars, torpedo decoy systems, electronic warfare systems, networking & encryption products, and smart city projects. Whereas major products exported included coastal surveillance system, trans-receive (TR) modules, ‘Bharati Radio’, ‘Identification of Friend or Foe Interrogator’ (IFFI), Electro-Optic System Compact Multi-Purpose Advance Stabilisation System (EOSCoMPASS), electro-mechanical parts, Radar Finger Printing System (RFPS), and Low Band Receivers (LBREC). 

“BEL will continue its efforts in becoming self-reliant through enhanced focus on indigenisation, outsourcing to the domestic industry with more thrust on MSME & GeM procurement and thus minimising import dependency,” said BEL’s Chairman & MD MV Gowtama. 

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