Navratna Defence PSU Bharat Electronics Limited (BEL) has ended the year 2016-17 by registering whopping top line figure of about 8,800 crores (provisional), a growth of about 17% over the previous year's turnover of 7,522 crores.
Some of the flagship projects executed during the year include Akash Weapon System, Hand held Thermal Imager with Laser Range Finder, 3D Tactical Control Radar, Weapon Locating Radar, Upgraded L-70 Guns, Fire Control systems, Hull Mounted Sonar, Radio Relays, Elements of Integrated Air Command and Control system, Ship Borne EW systems, etc.
BEL's Chairman & Managing Director M V. Gowtama said, "During the year the company's main focus has been on Indigenization to achieve self reliance, capacity building & expansion and increased outsourcing to SME sector. Also, BEL has been able to maintain good order acquisition this year. These efforts will enable BEL to continue to have sustained growth while effectively addressing future opportunities in defence business."