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.

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