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Bengaluru, October 31, 2022: In a breather, not only for the local populace of Kumaon region, but the entire state of Uttarakhand and adjoining areas of Uttar Pradesh, Navratna Defence PSU Bharat Electronics Limited (BEL) is setting up a Cardiac Cath Lab at the Dr Susheela Tiwari Government Hospital, Haldwani, Nainital, as part of its CSR activities.

The Catheterisation Laboratory or Cath Lab, to be set up by BEL at an estimated cost of Rs. 9 Crores, will be the first-of-its-kind in the Kumaon region of Uttarakhand, filling up a void that currently exists in this area, and benefitting patients from economically weaker sections of the society, of the entire state.

A Catheterization Laboratory, or Cath Lab, is an examination room where minimally invasive tests and procedures are performed to diagnose and treat cardiovascular diseases. The procedure can be an alternative to surgery to access the heart and blood vessels. Cath Labs are an important part of treating heart conditions to diagnose and treat coronary artery disease, heart attacks, chest pain, congestive heart failure, peripheral (limb) vascular disease, pulmonary hypertension and even pulmonary embolisms, also known as blood clots.

Dr Susheela Tiwari Government Hospital is well equipped to house the Cath Lab with backup support like Casualty, Blood Bank, CT Scan, MRI, Bio-Chemical and Pathological Laboratories, etc.

BEL has been a forerunner among Defence PSUs in promoting societal development. As a corporate entity, BEL actively participates in the social and economic development of communities in which it operates through CSR. BEL’s CSR activities are aimed at inclusive growth, holistic community development and empowerment of marginalised and underprivileged sections.

There are organisations of repute. And there are valuable brands, their names written in gold, in the annals of history.

The iconic brand value of a Navratna Defence PSU, which shaped the destiny of Defence electronics in India, was celebrated by the country’s premium media house as Bharat Electronics Limited (BEL) was on October 29, 2022, conferred “The Economic Times – Iconic Brand of India Award – 2022”. Mr Dinesh Kumar Batra, Chairman & Managing Director, and Director (Finance) & CFO, of Navratna Defence PSU Bharat Electronics Limited (BEL), received the award on behalf of the company at the awards ceremony, organised in Mumbai, from Shri Mangal Prabhat Lodha, Hon’ble Minister of Skill Development & Entrepreneurship, Ministry of Skills, Employment, Entrepreneurship, Innovation, & Ministry of Tourism, Government of Maharashtra.

Guided by a farsighted vision to make India self-reliant in Defence electronics, BEL was established in 1954 under the Ministry of Defence (MoD), Government of India. Be it Himalayan blizzards, salt-laden waters of the Arabian sea, or simmering temperatures of the Thar desert, BEL designs, manufactures and supplies state-of-the-art products and systems that are meant to excel in extremes and meet the exacting standards of the Indian armed forces. Yet another factor that has been pivotal to Brand BEL is the total trust that customers have reposed in the company. The fact that BEL has been giving lifetime support for its products also endears it to its customers.

Today, there’s not an area in Defence which is untouched by BEL — Radars, Missile Systems, Military Communications, Naval Systems, Electronic Warfare & Avionics, C4I Systems, Electro Optics, Tank Electronics & Gun/Weapon System Upgrades, Electronic Fuzes, you name it, the company has made some of the most iconic products in all these areas.

But though Defence is its mainstay, BEL has touched a chord with the common man through civilian products like solar traffic signals and Electronic Voting Machines (EVMs). When the country wanted its services most, BEL successful completed manufacturing of 30,000 ICU Ventilators in a record time to help the Government of India in its efforts to combat the COVID-19 pandemic.

All good brands not just grow. They evolve. BEL, too, has been constantly evolving over the last seven decades and to keep pace with the changing times, exploring diversification into allied non-defence areas. Some of the areas BEL is focussing on in non-defence include solutions for Civil Aviation sector, Anti Drone systems, Unmanned Systems, Satellite Assembly & Integration, Solar Business, Railway and Metro solutions, Software as a Service, Network & Cyber Security, Energy Storage products for Electric Vehicles (Li-ion & Fuel Cells, Charging Stations, etc), Homeland Security & Smart City businesses, a range of Medical Electronic and health care solutions, Artificial Intelligence, Composite Shelters & Masts, etc.

BEL is pursuing the cherished dream of self-reliance by espousing the Government of India’s ‘Make in India’ initiative. Be it the efforts that the company has been putting in to engage in collaborative R&D — in addition to augmenting its own R&D set up — attempts to outsource work from Indian private industries and MSMEs, or the path breaking decision to go in for Public-Private partnerships to execute huge missile programmes, BEL is leaving no stone unturned to ensure that it is in sync with the Government’s larger goal of indigenisation and Atmanirbharta (self-reliance). BEL is also fast expanding its global presence, putting its best foot forward to give a thrust to exports worldwide.

The Government of India’s new policies for Defence aims at providing a level playground for both public and private sector. But despite the opening up of Defence to private companies, BEL has been growing at around 15% rate, courtesy the progressive policies that it has put in place to maintain competitive edge in the changing business scenario.

Brand BEL has a promise: “भूमि जल हो, या हो आसमान । वीर जवानों के साथ खड़े हरदम । अंधेरे में भी हम राह को रौशन करें।

Gandhinagar, October 19, 2022: Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed an MoU with Yantra India Limited (YIL), a Defence PSU for co-operation in the areas of Ammunition Hardware and Military Grade Components to jointly address the requirements of Indian Defence and Export markets.

The MoU aims at leveraging the complementary strengths and capabilities of BEL and YIL and sharing of manufacturing and Test infrastructure/resources for the production of Arms and Ammunition and related systems.

About YIL

Yantra India Limited is an Indian state-owned Defence company, established in 2021 as part of the restructuring and corporatisation of the Ordnance Factory Board into multiple Public Sector Undertakings. YIL has its production facilities at eight locations and primarily manufacture specialised components and equipment required for the manufacture of hardware for small to high caliber ammunitions, rockets, bombs, fuzes, etc. It also produces special grade steel and aluminum alloy forgings/castings/extrusions, etc.

About BEL

Bharat Electronics Ltd (BEL), a Navratna DPSU under the Ministry of Defence, Government of India, established in 1954 at Bengaluru, to meet the needs of the Indian defence services for electronics Equipment’s, Systems and Services. Over the years BEL has grown into a multi-product, multi-technology, multi-unit company engaged in the design, development, manufacturing, supply and support of wide range of defence electronics products, systems, strategic components, services and select non defence products, servicing the needs of customers in India and abroad.

BEL has a strong presence in Radar and Fire Control Systems, Weapon Systems, Communication, Network Centric Systems (C4I), Electronic Warfare Systems, Avionics, Anti-Submarine Warfare Systems & Sonars, Electro-Optics, Tank Electronics, , Homeland Security, , Gun Upgrades, Strategic Components etc. BEL has been continuously striving to expand its solutions for the Non-Defence domain like EVMs, Renewable energy, Energy storage products, Smart Cities, Jammers, Software etc.

Further BEL has diversified into Arms & Ammunitions, Seekers & Missiles, Unmanned Systems, Network & Cyber security, Medical Electronics, Space Electronics, EV , Railway/Metro, Civil Aviations to meet the customer requirement and address the emerging opportunities.

Photo caption: Mr Bhanu Prakash Srivastava, Director (Other Units), and Mr S K Yadav, Director Operations, YIL, display the MoU signed between BEL and YIL at Defexpo 2022, in the presence of Mr Manoj Jain, Director (R&D), and other senior officers of BEL and YIL.

Gandhinagar, October 18, 2022: Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed an MoU with Triton Electric Vehicle (TEV), for manufacture of Hydrogen Fuel cells by BEL with technology transfer from TEV, to meet the requirements of Indian market and mutually agreed export markets.

The MoU aims at tapping the demand for clean energy solutions for various applications including for E- Mobility, by leveraging Government of India’s thrust for adoption of clean energy fuels for applications in transport , energy storage etc.

About Triton Electric Vehicle (TEV): Triton Electric Vehicle LLC, the young and most enterprising Electric Vehicle company headquartered in Cherry Hill, New Jersey-USA, recently set up its R&D centre and manufacturing facility in India with best-in-class infrastructure and expertise. The company has recently forayed into Hydrogen run vehicles and has started the journey of manufacturing Hydrogen-run Two-Wheelers, Three-Wheelers and Buses.

About BEL: Bharat Electronics Ltd (BEL), a Navratna DPSU under the Ministry of Defence, Government of India, established in 1954 at Bengaluru, to meet the needs of the Indian defence services for electronics Equipment’s, Systems and Services.

BEL has a strong presence in Radar and Fire Control Systems, Weapon Systems, Communication etc. BEL has been continuously striving to expand its solutions for the Non-Defence domain such as Renewable energy, Energy storage products including for E-Mobility, Smart Cities, Jammers, and Software etc. Further BEL has diversified into Arms & Ammunitions, Seekers & Missiles, Unmanned Systems, Network & Cyber security, Medical Electronics, Space Electronics, Railway/Metro, and Civil Aviation etc to meet the customer requirement and address the emerging opportunities.

Photo caption: Mr Dinesh Kumar Batra, CMD, BEL, Mr Himanshu B Patel , CEO & Founder, Triton Electric Vehicle LLC, pose for a photo along with Directors and Executive Director of BEL, COO Triton, and other senior officers of BEL and Triton after the signing of the MoU between BEL and Triton today at Defexpo.

Gandhinagar, October 18, 2022: Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed an MoU with Munitions India Limited (MIL), a Defence PSU, to jointly address the requirements of Indian Defence and Export markets in the areas of Ammunition, Explosives and related systems.

Mr Bhanu Prakash Srivastava, Director (Other Units), BEL, and Mr S K Rout, Director (Operations), MIL, exchanged the MoU documents at Defexpo today in the presence of Mr Ravi Kant, CMD, MIL, Mr Joydeep Majumder, Executive Director, BEL and other senior officers of BEL and MIL.

The MoU aims at leveraging the complementary strengths and capabilities of BEL and MIL and strengthens the spirit of the Make In India initiative of Government of India, for achieving self-reliance in Defence Sector. The co-operation will enable the companies to jointly address the domestic and Export opportunities in the areas of Ammunition, Explosives and related systems and sub systems.

About MIL:

MIL is a DPSU under Department of Defence Production, Ministry of Defence, Government of lndia. MIL, India’s largest manufacturer & market leader, is engaged in the design, development and manufacture of various types of ammunition and explosives including Small, Medium and High Caliber ammunition, Mortars, Rockets, Hand Grenades, High Explosives, Propellants, Initiathe tory Compositions etc.

About BEL:

Bharat Electronics Ltd (BEL), a Navratna DPSU under the Ministry of Defence, Government of India, established in 1954 at Bengaluru, to meet the needs of the Indian defence services for electronics Equipment’s, Systems and Services. Over the years BEL has grown into a multi-product, multi-technology, multi-unit company engaged in the design, development, manufacturing, supply and support of wide range of defence electronics products, systems, strategic components, services and select non defence products, servicing the needs of customers in India and abroad.

BEL has a strong presence in Radar and Fire Control Systems, Weapon Systems, Communication, Network Centric Systems (C4I), Electronic Warfare Systems, Avionics, Anti-Submarine Warfare Systems & Sonars, Electro-Optics, Tank Electronics, , Homeland Security, , Gun Upgrades, Strategic Components etc. BEL has been continuously striving to expand its solutions for the Non-Defence domain like EVMs, Renewable energy, Energy storage products, Smart Cities, Jammers, Software etc.

Further BEL has diversified into Arms & Ammunitions, Seekers & Missiles, Unmanned Systems, Network & Cyber security, Medical Electronics, Space Electronics, EV , Railway/Metro, Civil Aviations to meet the customer requirement and address the emerging opportunities.

Photo caption: Mr Bhanu Prakash Srivastava, Director (Other Units), BEL, and Mr S K Rout, Director (Operations), MIL, exchanging the MoU documents at Defexpo today in the presence of Mr Ravi Kant, CMD, MIL, Mr Joydeep Majumder, Executive Director, BEL and other senior officers of BEL and MIL.

Bengaluru, October 14, 2022: BEL received the Quantic Technology Excellence Award 2022 for ‘Best Security, Defence, or Law Enforcement IT Project’ at an award ceremony held in Bengaluru today (Oct 14, 2022). The award was received by Mr Manoj Jain, Director (R&D), on behalf of BEL from Mr Sachin S Rao, MD & CEO, Archon Consulting Systems, along with the BEL team.

BEL is constantly investing in cutting edge technologies to deliver differentiated products and solutions to the customers, increase indigenisation content and value addition in all its products / systems. BEL’s total investment in R&D as a percentage of turnover during 2021- 22 was 6.95%. BEL’s constant effort towards indigenous development led it to achieve 78% of its turnover from indigenous products.

During FY 2021-22, BEL filed 137 IPRs (including 65 Patents) in the areas of Embedded Systems, Electro optics, Software, Communication, Radar, Network & Communications, etc. BEL has been granted 11 patents, taking the total number of patents to 24. During the year, 51 technical papers were published by scientists and R&D engineers of BEL in various National and International journals / seminars / conferences. BEL empanelled 303 partners towards collaborative R&D, which includes 40 R&D partners, 192 design service providers, 38 consultants and 39 production service providers. BEL also received 19 AS9100 D standard certifications and five Green Channel Certificates for its products.

BEL has always been in the forefront in continuously developing innovative and quality products for customers. Some of the major products / systems introduced during 2021-22 include Software Defined Radio Variants, Improved Version of Data link system for Ship (Link2-MOD3), Sensors for VSHORAD, IFF Mk XII for Medium Range Surface to Air Missile, Navigational Complex System, IIR Seeker for HELINA/NAG/PROSPINA, Gunner Thermal Imager Sight for T-90, Spotter scope with Digital Camera, Continuous Zoom Lens 20-860 mm, Image Stabilisation for Electro Optics, Multi-Function Radar-VLSRSAM, Electrical Power System (EPS) for Weapon Control (P15B), Hand Held Laser Dazzler, ACCS for 1135.6 / ACCS for SVL, etc.

BEL has a multi-tiered R&D structure to ensure greater outcomes. It comprises Central Research Laboratories (CRLs), Product Development and Innovation Centre (PD&IC), Centres of Excellence (CoE) and Development & Engineering (D&E) groups attached to SBUs across all units. All R&D centres are Department of Scientific & Industrial Research (DSIR) registered, and work on identified technology and product areas, based on three-year R&D plans.

Bengaluru, October 12, 2022: At Defexpo 2022 to be held at Gandhinagar, Gujarat, from October 18-22, 2022, BEL will showcase state-of-the-art products and systems spanning every domain of its business.

The products and systems to be on display during Defexpo 2022 have been clustered as ‘Air Defence & Surveillance’, ‘C4I Systems’, ‘Artificial Intelligence-based Products’, ‘Non-Defence & Diversification Products’, ‘Radar Systems’, ‘Communication Systems’, ‘Airborne Products & Systems’, ‘Homeland Security and Cyber Security’, ‘Futuristic Technologies’, ‘Missile Systems’, ‘EO & Laser-based Products’, ‘Outdoor Display Products’ and Indian pavilion. In addition, BEL will also showcase its R&D capabilities by launching/demonstrating some of its new products / technologies.

BEL’s display in the area of ’Air Defence & Surveillance” will include Hexacopter, Tethered UAV, Robotic Surveillance and D4 Anti-drone Systems. The display in the area of ’C4I Systems will include C4I technologies, Combat Management Systems and Navigational Consoles. Also on show will be the complete range of products and systems for ‘Non- Defence & Diversification’.

BEL will showcase its ‘Radar Systems’ including Battle Field Short Range Active Electronically Scanned Array (BFSR-AESA) Radar, Air Defence Fire Control Radar, Mountain Fire Control Radar, Weapon Locating Radar, etc. BEL’s display in the area of ‘Communication Systems’ will include High Capacity Radio Relay, Manpack High Frequency Software Defined Radio (SDR), Point to Multi Point Radio, SDR Hand Held Naval version, and a whole lot of other products.

Other ‘Futuristic Technologies’ on display include Automatic Dependent Surveillance- Broadcast System, Position Indicator – G3I, Hand-Held Indian Regional Navigation Satellite System, Extended C-Band Block Up-Converter, Monolithic Microwave Integrated Circuit (15 types within one enclosure), etc. The highlight of BEL’s outdoor display will be Hexacopter, Tethered UAV, Swarm of UAVs, Robotic Surveillance Platform, HLS CIBMS, BFSR AESA, FMCW based DDR, Hydrogen Based scooter and Ultra Light Weight Enclosure with Platform. The entire set of state-of-art equipment on offer will be a force multiplier for any Defence force and civilian requirements.

BEL entrusted with task of setting up EV charging infrastructure at 4 highways/expressways

Bengaluru/Panchkula, October 11, 2022: In a bid to promote the Government of India’s Green Energy drive, Navratna Defence PSU Bharat Electronics Ltd (BEL), in collaboration with Maharatna PSU Hindustan Petroleum Corporation Ltd (HPCL), has set up a fast Electric Vehicle (EV) charging station at the HPCL Retail Outlet at Amravati Enclave near Pinjore on the Chandigarh-Shimla Highway. The charging station has two guns of 25 KW each of CCS-2 protocol.

Mr Dinesh Kumar Batra, Chairman & Managing Director, BEL, inaugurated the new facility in the presence of Mr Debashis Chakravarty, Chief General Manager, HPCL, Mr Bhanu Prakash Srivastava, Director (Other Units), BEL, Mrs Prabha Goyal, GM (Panchkula), BEL, and other members of senior Management teams of BEL and HPCL.

The Panchkula Unit of BEL is working towards meeting India’s global commitment to reduce carbon footprint and greenhouse gas (GHG) emissions, resulting in reduction of fossil fuel imports. BEL has indigenously developed EV Slow and Fast Chargers, in addition to creating EV charging infrastructure in cities and highways. The Ministry of Heavy Industries has entrusted BEL with the task of setting up EV charging infrastructure at four highways/expressways.

Defence is the mainstay of BEL and has traditionally been contributing to around 80% of the Company’s annual sales revenue. BEL, however, has been continuously exploring diversification into allied non-defence areas, Energy Storage products for Electric Vehicles (Li-ion & Fuel Cells, Charging Stations, etc) being one of them.

“BEL is known to be an eco-friendly company. We have clean and green campuses at all our Units across the country. Renewable energy from BEL’s captive solar and wind power plants contribute to around 49.36 per cent of our total energy consumption. BEL is diversifying into many areas of non-defence and Energy Storage products is one such area we are keenly focussing on. We fully endorse the Government’s green energy mission and the setting of this EV charging station is one more step in that direction,” said Mr Dinesh Kumar Batra, CMD, BEL.

“HPCL is focused on expansion of the business profile with greater presence in the clean energy segment. We are working towards making our retail outlets multi fuel, so that mobility solutions can be provided for whichever vehicles customers choose to drive. More than 1,100 EV charging stations have already been set up in our 20,000 plus outlets across India,” said Mr Debashis Chakravarty, Chief General Manager, HPCL.

About BEL: BEL is a multi-product, multi-technology, multi-unit conglomerate offering products and systems in the areas of Military Communications, Radars, Missile Systems, Naval Systems, Electronic Warfare & Avionics, C4I Systems, Electro Optics, Tank Electronics & Gun / Weapon System Upgrades and Electronic Fuses in the Defence segment. BEL’s non-defence business segment includes areas such as EVMs, Homeland Security & Smart Cities, Solar, Satellite Integration & Space Electronics, Railways, Artificial Intelligence, Cyber Security, Software as a Service, Energy Storage products and Composite Shelters & Masts.

Bengaluru/Mumbai: September 29, 2022: Mr Dinesh Kumar Batra, Chairman & Managing Director, and Director (Finance) & CFO, of Navratna Defence PSU Bharat Electronics Limited (BEL) has been conferred the “Innovative CFO Award” at the 2 nd edition of “The Business Leadership Awards”, organised today in Mumbai. Mr Dinesh Batra received the award from noted Bollywood actress Udita Goswamy.

Mr Dinesh Kumar Batra has been a change agent for BEL. His most noteworthy contributions to the Company include an increase in the wealth of shareholders, steering BEL to become the first Defence PSU to cross the landmark market capitalisation figure of Rs.80,000 Crores (from Rs.24,000 Crores at the time of his taking over as CFO) and declaring the highest ever dividend of 450%. He steered the Board, Administrative Ministry and Shareholders’ approval to increase the authorised capital three-fold to Rs.750 Cr and issue of bonus shares in the ratio 2:1.

Under Mr Batra’s leadership, BEL achieved its highest ever turnover of Rs.15,044 Crores in FY 2022, a growth of 9% over the previous year, despite challenges posed by the pandemic, global semiconductor shortage and stiff competition. This has instilled confidence among stakeholders, resulting in the highest PE ratio of 29 of BEL’s share price among all manufacturing PSUs.

Mr Batra has managed working capital requirement and new capital infrastructure investment requirement from internal accruals and kept BEL debt-free. He has brought structural reforms to manage debtors to achieve the highest ever cash flow from operations. He was instrumental in BEL taking revolutionary initiatives to combat the COVID-19 pandemic. As CFO, Mr Batra’s focus has been to ensure growth of 15 to 17% in topline. He has supported BEL’s diversification into several non-defence areas ensuring funds are available to invest in infrastructure, manpower and technology.

Mr Batra also regularly interacts with stakeholders and has evolved teams, structure and strategies for bringing business transformation. He has guided BEL to the 79 th position in the Top 100 Listed Companies of the country, based on market capitalisation.

Mr Dinesh Kumar Batra, Chairman & Managing Director (Additional Charge), of Navratna Defence PSU Bharat Electronics Limited (BEL), along with Mr Manoj Kumar, Executive Director (National Marketing), BEL, presented the 150% Final Dividend cheque of Rs 1,86,89,60,967/- (Rupees One Hundred Eighty-six Crores Eighty-Nine Lacs Sixty Thousand Nine Hundred Sixty-seven only), payable on the shares held by the President of India, to the Hon’ble Defence Minister, Shri Rajnath Singh, at New Delhi on September 28, 2022.

The Company had paid the First Interim Dividend of 150% (on face value of Rs. 1 per equity share) in February 2022 and the Second Interim Dividend of 150% (on face value of Rs. 1 per equity share) in March 2022. The Company has thus paid a total dividend of 450% on its paid up capital for the year 2021-22.

Photo caption: Mr Dinesh Kumar Batra, Chairman & Managing Director (Additional Charge), BEL (second from left), along with Mr Manoj Kumar, Executive Director (National Marketing), BEL (third from left), presenting the 150% Final Dividend cheque of Rs 1,86,89,60,967/- (Rupees One Hundred Eighty-six Crores Eighty- Nine Lacs Sixty Thousand Nine Hundred Sixty-seven only), payable on the shares held by the President of India, to the Hon’ble Defence Minister, Shri Rajnath Singh, at New Delhi on September 28, 2022. Also present are (L-R) Mr Anurag Bajpai, IFS, JS (DIP) with Additional Charge of JS (P&C); Dr Ajay Kumar, IAS, Defence Secretary; and Mr Sanjay Jaju, IAS, ASDP, MoD.