India : The Navratna (DPSU)- Bharat Electronics Limited (BEL), has been awarded an order by Mazagon Dock Shipbuilders Ltd. This order, valued at Rs. 695 Crore, pertains to the supply of spares related to missile systems. Additionally, the company has secured further orders amounting to Rs. 339.31 Crore since the last disclosure on December 26, 2023. These additional orders are related to the Combat Management System, Composite Communication System, Transmit/Receive Modules, Mobile Autonomous Stabilization System, and other spares/services. With the above, BEL has received cumulative orders of Rs.27,647.31 Crore in the current financial year.
About Bharat Electronics Limited (BEL) :
- Bharat Electronics Limited (BEL) holds a distinguished position as one of the elite Public Sector Undertakings, bestowed with the prestigious Navratna status. Its growth trajectory mirrors the advancements in defence electronics within India.
- Over the years, BEL has achieved numerous milestones, with the Akash Air Defence Weapon System serving as a prime example of its prowess in indigenous design, development, and manufacturing.
- Additionally, the Coastal Surveillance System, aimed at bolstering surveillance along India’s extensive coastline, is now being offered to friendly nations. Notably, BEL has made significant strides in radar technology, with the introduction of the Weapon Locating Radar and 3D Tactical Control Radar.
- Even though defence remains its core focus, BEL has also left an indelible mark in non-defence sectors. Its tamper-proof Electronic Voting Machines have revolutionized the voting process in India, ensuring transparency and security.
- During the critical times of the Covid-19 pandemic, BEL swiftly manufactured 30,000 ICU Ventilators to aid the government’s response efforts.
- BEL actively contributes to the Government’s Make in India initiative by emphasizing in-house research and development, indigenization, outsourcing from Indian private industries, Public-Private Partnerships, Joint Ventures, and capacity expansion. The establishment of a dedicated ‘Make in India Cell’ underscores its commitment to this cause.
- While defence remains a cornerstone, BEL aims to diversify its portfolio by increasing its presence in non-defence sectors. It focuses on areas such as civil aviation, anti-drone systems, satellite assembly & integration, solar energy, railway & metro solutions, network & cyber security, energy storage for electric vehicles, homeland security & smart cities, medical electronics, and artificial intelligence.
- Moreover, BEL is actively expanding its global footprint by venturing into new export markets worldwide. Efforts are particularly concentrated on developing markets in the Indian Ocean Region (IOR) and friendly foreign countries (FFCs).
- Operational overseas marketing offices in Oman, Vietnam, and Sri Lanka, along with expanded regional offices in Singapore and New York, underscore its commitment to international expansion. Exports & Offsets have been identified as key thrust areas for the company’s growth strategy.