BEL achieves provisional turnover of Rs 11,700 crores for 2018-19 -Governance Now

BEL achieves provisional turnover of Rs 11,700 crores for 2018-19

The fiscal saw an all-time high order acquisition of Rs 23,200 crores

GN Bureau | April 8, 2019

#aerospace #PSU #profit #turnover #BEL #defence

BEL has achieved a turnover of Rs 11,700 crores in the recently concluded 2018-19 FY, sustaining a double digit growth (an increase of 16 percent) over the previous year’s turnover of Rs 10,085 crores.

BEL achieved export sales of $21.87 million in 2018-19 fiscal. Major products exported include coastal surveillance system spares, accoustic test facility, compass, cable looms, electro mechanical parts.

The fiscal saw an all-time high order acquisition of Rs 23,200 crores. Some of the major orders acquired in the last fiscal include long range surface to air missile system, electronic fuze, l 70 gun upgrade, weapon repair facility for naval ships, kerala-fibre optics network (K-FON), smart city projects, integrated perimeter security solution (IPSS), video surveillance system, naval airfield integrated security system (NAISS), real time information system. BEL’s order book as on April 1, 2019 stands Rs 51,600 crores.

Some of the flagship projects executed during FY 2018-19 are Integrated Air Command & Control System (IACCS), Weapon Locating Radar (WLR), Cdr TI Sights, Schilka Upgrade, Tropo Upgrade, Integrated Communication System (ICS), Long Range Surface to Air Missile System (LRSAM), Ground Based EW System, L-70 Gun Upgrade, Electronic Voting Machines (EVM), Voter Verifiable Paper Audit Trail (VVPAT), etc.

Comments

Other News

India’s forest cover increases by 5,516 sq km in four years

The Dehradun-based Forest Survey of India (FSI), an organization under the Ministry of Environment, Forests and Climate Change, carries out the assessment of forest cover biennially since 1987 and the findings are published in the India State of Forest Report (ISFR). As per the latest ISFR 2021, there is a

Steps taken to meet higher power demand of April-May

While the average growth of energy requirement in the country for 2023-24 viz-a-viz 2022-23 has been estimated as 4.9%, the months of April and May have been projected as high demand period. During the current year, the peak demand is expected to be around 229 GW during the summer period. The government ha

Millets to make comeback in army ration after half a century

As the UN has declared 2023 as the International Year of Millets, the Indian Army has steered introduction of millets flour in the rations of soldiers. This landmark decision will ensure troops are supplied with native and traditional grains after over half a century, when these were discontinued in favour

Central Bank Digital Currency has game-changing potential

When discussing digital currency, you might think of one or two well-known varieties. There is the digital representation of currency that you access with mobile and online banking services. This currency is the liability of a commercial bank. There is also cryptocurrency, a digital medium of exchange issu