Bharat Electronics (BEL), the aerospace and defence PSU based in Bengaluru, has recently secured two significant orders totaling Rs 1034.31 crore, following its previous disclosure on December 26. One order, valued at Rs 695 crore, was awarded by Mazagon Dock Shipbuilders Ltd for providing missile system spares. The company also received another order amounting to Rs 339.31 crore, encompassing the Combat Management System, Composite Communication System, Transmit/Receive Modules, Mobile Autonomous Stabilization System, and other related spares/services.
In December, BEL bagged orders worth Rs 2,673 crore from Goa Shipyard Ltd (Rs 1701 crore) and Garden Reach Shipbuilders & Engineers Ltd (Rs 972 crore). These orders are for supplying 14 types of sensors designated for Next Generation Offshore Patrol Vessels (NGOPV). The production process involves collaboration with electronics and associated industries, including MSMEs, acting as sub-vendors for BEL. Emphasizing its contribution to the ‘Aatmanirbhar Bharat’ (Self-reliant India) initiative, BEL highlighted that these orders align with the government’s program.
Furthermore, BEL reported additional orders valued at Rs 86.15 crore post the December disclosure relating to miscellaneous spares and services. Cumulatively, the company’s orders for the current fiscal year 2023-24 have now reached Rs 27,647.31 crore.
As one of the sixteen PSUs under the Union Ministry of Defence, BEL specializes in manufacturing advanced electronic products for both ground and aerospace applications. The company, with ownership distributed among the central government (66%), Mutual funds and UTI (14%), Foreign institutional investors (6%), individual investors (5%), and insurance companies (4%), is also involved in the development of Electronic Voting Machines (EVMs) and Voter Verified Paper Audit Trail (VVPAT).
Team BharatShakti
