Defence PSU BEL achieves record turnover of Rs 19700 Cr

Defence PSU BEL (Bharat Electronics Limited) has achieved a turnover of around Rs. 19700 Cr (Provisional & Unaudited), during the Financial Year 2023-24, against the previous year’s turnover of Rs. 17,333 Cr registering a growth of 13.65%.

Noteworthy, BEL is a Navratna Defence Public Sector Undertaking (DPSU) under the Ministry of Defence, Government of India.

It manufactures state-of-the-art electronic products and systems for the Army, Navy and the Air Force.

To be noted that in the fiscal year 2023-24, BEL successfully secured orders worth around Rs. 35000 Cr.

Besides, among the notable defence orders obtained during the year were Electronic Fuzes, EW Systems, Communication Systems for naval warships, Fire Control Systems, Akash Prime Weapon System, Radars, Sonars, Software Defined Radios, Night Vision Devices, Tactical Communication Systems and other projects in Non-defence sector.

With this, the total order book of BEL as on April 1st, 2024, stands at around Rs. 76000 Cr.

Further, BEL also achieved Export sales of around US$ 92.98 Million during FY 2023-24, as against the previous year’s export turnover of US$ 48.33 Million, registering a growth of 92%. Major products exported include Transmit & Receive (TR) Modules, Compact Multi-Purpose Advanced Stabilisation System (CoMPASS), Radar & Electronic Warfare Systems, Medical Electronics, Communication equipment, etc.

As on April 1st, 2024, BEL’s export order book stands at USD 407 million, with export orders acquired during the fiscal year amounting to USD 211 million.