Press Releases

The Bharat Electronics Limited (BEL) has achieved a turnover of about Rs 15,000 crore (provisional and unaudited) during FY 2021-22, against the previous year’s turnover of Rs 13,818 crore despite challenges posed by the Covid-19 pandemic and shortage of global semiconductors.

BEL’s order book as on April 1 is around Rs. 57,000 crores. In the year 2021-22, BEL secured significant orders worth Rs 18,000 crore including acquisitions such as Avionics Pack for Light Combat Aircraft (LCA), Advanced Electronic Warfare Suite for Fighter Aircraft, Instrumented Electronic Warfare Range (IEWR), Electronic Voting Machine (EVM) & Voter Verifiable Paper Audit Trail (VVPAT), Cdr TI- T90 Tank, COMINT System, Radar Warning Receiver (RWR) & Missile Approach Warning System (MAWS) for C-295 Programme, Electronic Gun, IoT Gateway.

Some of the flagship projects executed during FY 2021-22 were Missile Systems (Air Defence Weapon System & LRSAM), Command & Control Systems, Communication and Encryption products, various Sonars, Electro-optic Systems, Fire Control Systems, Gun Upgrades, various Radars, Electronic Warfare Systems, Coastal Surveillance System, Unmanned Systems, HomeLand Security Systems, Smart City projects, K-FON, Medical Electronics, etc.

“BEL achieved Export sales of around US$ 32.26 Million during FY 2021-22. Major products exported included Coastal Surveillance System, Trans-Receive (TR) Modules, EO-IR Payload System, Compact Multi-Purpose Advanced Stabilization System (EOS Compass), Solar Hybrid Power Plant, Data Link, Electro-Mechanical parts, Low Band Receivers (LBREC), Medical Electronics, Spares for Radars,” a statement said.

“BEL achieved Export sales of around US$ 32.26 Million during FY 2021-22. Major products exported included Coastal Surveillance System, Trans-Receive (TR) Modules, EO-IR Payload System, Compact Multi-Purpose Advanced Stabilization System (EOS Compass), Solar Hybrid Power Plant, Data Link, Electro-Mechanical parts, Low Band Receivers (LBREC), Medical Electronics, Spares for Radars,” a statement said.

“BEL will continue to explore new growth opportunities through diversification, capability enhancement and competitiveness, modernisation, etc. BEL has ventured into new potential businesses such as Arms & Ammunition, Medical Electronic Devices, Unmanned System Platforms, etc., and is poised to make significant headway in these segments in the years to come,” he said.

Meanwhile, Hindustan Aeronautics Limited (HAL) recorded highest ever revenue of over Rs. 24,000 crores (provisional and unaudited) for the financial year which ended on March 31 registering a 6 percent revenue growth over the previous financial year. The corresponding figure for the previous year stood at Rs. 22,755 crores.

“Despite the challenges of the second wave of Covid-19 during the first quarter of the year and the consequent production loss, the company could meet the targeted revenue growth with improved performance during the balance period of the year”, said R. Madhavan, CMD, HAL.

The second wave of Covid-19 had compelled the company to declare a phased lockdown at various divisions during April and May 2021. The employees had put in additional hours in June and July 2021 to compensate for the loss of man hours due to the lockdown.