Governance Now Masterminds

BEL order book exceeds Rs 50,000 crore landmark

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


#PSU   #BEL  

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.

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