BEL enters into contracts worth Rs 9,200 crore with Mazagon Dock Limited and Garden Reach Shipbuilders and Engineers to supply LRSAM systems
GN Bureau | September 11, 2018
Defence PSU Bharat Electronics Ltd’s (BEL) order book has crossed the mark of Rs 50,000 crore for the first time after it bagged Rs 9,200 crore-order for supply of seven long range surface-to-air missile (LRSAM) systems.
BEL exuded confidence to maintain a healthy order inflow with business segments such as radars and weapon systems, electronic warfare systems, fire control systems, communication systems and C4I systems driving its growth in the coming days.
It has entered into contracts worth about Rs 9,200 crore with Mazagon Dock Limited (MDL) and Garden Reach Shipbuilders and Engineers (GRSE) to supply LRSAM systems to be fitted onboard seven ships to be built by these two shipbuilders. This is the highest-ever single value order bagged by BEL.
As the lead integrator of Akash Missile system, BEL has already proven its prowess in the realm of Turnkey Missile Systems. The company is now geared up for futuristic programmes such as the quick response surface to air missile (QRSAM) for the Army, medium range surface to air missile (MRSAM) for the Air Force and Long Range Surface to Air Missile (LRSAM) for the Navy. BEL is the lead integrator of LRSAM systems for the Navy’s P-17A stealth frigates.
The central government is set to present a complex and comprehensive report of its revenues and expenditures throughout the financial year in the budget address on February 1. Modi led NDA government will present the interim budget this year as elections are set to take place in April.
Narendra Modi-led NDA government is due to present its last budget on February 1, before the 2019 general elections. Finance minister Arun Jaitley, who is currently in US for medical treatment, is likely to present the budget. This will be an interim budget of the NDA government.
The government has said that state-run BHEL and Libcoin are in talks to form a world class consortium to initially build 1 GWh (Gigawatt hours) lithium ion battery plant in India. The plant’s capacity will be enhanced up to 30 GWh after some time. With this, India has finally taken steps into its ene
The centre has given the green signal for regularisation of pay scales of board level executives in National Hydroelectric Power Corporation Ltd (NHPC), North East Electric Power Corporation (NEEPCO), THDC India Ltd. (formerly Tehri Hydro Development Corporation Ltd.) and Satluj Jal Vidhyut Nigam Ltd. (SJV
The government has given approved the project for capacity expansion of Numaligarh Refinery from 3 MMTPA (million metric tonne per annum) to 9 MMTPA. The plan envisages setting up of crude oil pipeline from Paradip to Numaligarh and product pipeline from Numaligarh to Sil
Maharashtra has been the pioneer in establishing a dedicated unit and necessary infrastructure for cybercrime investigation. It is headed by Brijesh Singh, an IPS officer, as special inspector general of police, cyber. After successfully implementing the crime and criminal tracking network and system (CCTN