Bharat Electronics Limited (BEL), a leading defence public sector undertaking, has announced a series of new orders worth over ₹500 crore, further solidifying its role in India's defence sector.
This announcement comes on the heels of a major order worth ₹850 crore awarded to BEL on September 11th by Cochin Shipyard Limited for the supply of indigenous Multi-Function Radar in X Band.
These latest orders encompass a wide range of critical defence equipment and systems, including EMI shelters to protect sensitive electronic equipment, Annual Maintenance Contracts for Integrated Air Command and Control system nodes, upgrades and spares for gun systems, and spares for radars and communication systems.
This influx of orders reinforces BEL's diverse capabilities and its commitment to providing cutting-edge technology to the Indian armed forces.
The new contracts bring BEL's total order book for the current financial year to an impressive ₹7,689 crore. This strong performance underscores the company's continued success in aligning with the government's "Atmanirbhar Bharat" initiative, which aims to promote self-reliance in defence production.
BEL's focus on indigenous development and manufacturing is evident in its recent contract for the Multi-Function Radar, a fully indigenous solution designed by DRDO and manufactured by BEL.
This recent success follows a strong financial performance for the quarter ended June 30, 2024, where BEL reported a significant increase in both total income (₹4,44,715 lakh compared to ₹3,67,317 lakh in the same period last year) and profit after tax (₹79,128 lakh compared to ₹53,860 lakh).
BEL, established in 1954, has a long history of providing advanced electronic products and systems for ground and aerospace applications to the Indian Army, Navy, and Air Force. The company has also diversified into other areas like homeland security, smart cities, and medical electronics.
These new orders not only contribute to BEL's financial strength but also highlight its crucial role in strengthening India's defence capabilities and supporting the nation's pursuit of self-reliance in defence technology.
