BEL order book crosses Rs50,000 crore mark
05 September 2018
Navratna defence PSU Bharat Electronics Ltd (BEL) saw its order book cross the Rs50,000-crore mark for the first time with a fresh order worth Rs9,200 crore for supply of seven Long Range Surface-to-Air Missile (LRSAM) systems for the Indian Navy.
The state-owned defence unit is looking at maintaining a healthy order inflow with business segments such as radars and weapon systems, electronic warfare systems, fire control systems, communication systems and C4I systems in the coming days.
Under the new contract entered into with Mazagon Dock Limited (MDL) and Garden Reach Shipbuilders and Engineers (GRSE), BEL will supply LRSAM systems worth about Rs9,200 to be fitted onboard seven ships to be built by these two shipbuilders.
This is the highest-ever single value order bagged by BEL, BEL’s marketing director Anandi Ramalingam said, while signing the contracts on behalf of BEL with MDL and GRSE.
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.
BEL said it would continue its indigenization efforts in line with the ‘Make in India’ initiative. Strategies and action plans are in place to face competition, maintain its technological edge and retain its leadership position in strategic electronics.