BEL signs MoU with department of defence production

The revenue from operations has been targeted at Rs 9,000 crore

GN Bureau | July 18, 2017


#BEL   #turnover   #Bharat Electronics Limited   #defence  
Bharat Electronics Limited (BEL), a Navratna central public sector enterprise (CPSE) under the department of defence production, ministry of defence, signed an agreement for the financial year 2017-18 with the ministry.
 
The revenue from operations has been targeted at Rs 9,000 crore. The operating profit to revenue from operations target has been set at 14 percent and PAT to average net worth has been set at 15 percent.
 
Turnover from exports and increase in indigenous content are given additional focus during the year, along with other parameters like CAPEX investment and Monitoring of CAPEX projects, Reduction in Trade Receivables, and HR related parameters.
 

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