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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.

Mr Manoj Jain took charge as the Director (R&D) of Navratna Defence PSU Bharat Electronics Limited (BEL) on September 26, 2022. He was General Manager of the Electronic Warfare & Avionics SBU at BEL’s Bangalore Complex prior to his elevation.

Mr Manoj Jain joined BEL in August 1991 as Probationary Engineer after completing his BE (Electronics) from REC Jaipur (MNIT) with Gold medal. In an illustrious career spanning over three decades, he has made significant contributions to the field of Research & Development.

During his initial years in D&E at BEL’s Kotdwara Unit, Mr Manoj Jain played a pivotal role in the development of Digital Multiplexers, Cross Connects, CDOT Exchanges and Military Switches. In 1999, he moved to BEL’s Central Research Laboratory in Bangalore and was engaged in the development of technologies for Defence Networks and Network & Bulk Security Solutions. In the area of Radar, one of BEL’s core businesses, he was involved in the development of VeXT, Scan Converter and Display using FPGA.

Mr Manoj Jain served as Chief Scientist of CRL-Bangalore from December 2017 to May 2019, overseeing technological developments in all technical areas. He took over as General Manager of BEL’s Product Development & Innovation Centre (PD&IC) in June 2019. During his two-year stint here, PD&IC developed many new products/sub-systems required for BEL, thus ensuring innovation and value addition, leading to self-reliance.

Mr Manoj Jain took over as the General Manager and Head of the Electronic Warfare & Avionics SBU at BEL-Bangalore, in June 2021. Apart from overseeing all the business operations of the SBU, he provided the much-needed vision for this business vertical.

Mr Manoj Jain has received various R&D awards, Key Contributor Awards, Raksha Mantri’s Award and SODET Awards. He has published many technical papers, applied for several patents and delivered talks to Defence users and DRDOs.

BANGALORE, Sept 14, 2022: Navratna defence PSU Bharat Electronics Limited (BEL) is participating in the Investors Outreach Program in the Middle East (Dubai & Abu Dhabi) under the aegis of the Department of Investment and Public Asset Management (DIPAM) and the Ministry of Defence (MoD), from September 12 to 15, 2022. Mr Dinesh Kumar Batra, CMD, Director (Finance) & CFO, has been making presentations to potential investors in Dubai and Abu Dhabi on why they should invest in BEL.

Mr Batra shared with investors that BEL has a strong Order Book and has been showing consistent growth in Profit over the last 3 years; has been active in various Government of India indigenisation initiatives like Atmanirbhar Bharat and Make in India, which have good business potential; is a R&D and technology driven company manufacturing key defence systems, products / solutions; and has world-class manufacturing infrastructure.

He pointed out that BEL has an ICRA Credit Rating of AAA (Stable – Long Term) and A1+ (Short Term); has consistent performance in terms of Revenue and Profitability, a robust Balance Sheet, Zero Debt, Positive Cash Flow and rewards shareholders with high dividends every year. Bonus Shares in 2:1 ratio were announced by BEL in August 2022. BEL’s market cap has increased from USD 6,050 million to USD 10,100 million in the last year, Mr Batra highlighted to investors.

BEL has diversified into Arms & Ammunitions, Seekers & Missiles, Network & Cyber Security and Unmanned Systems, Medical Electronics, Railway / Metro / Airport Solutions, Space Electronics and systems, Electric Vehicle charging infrastructure, Alternate Energy solutions, Secure Communication solutions and Software.

This Investors Outreach Program is aimed at familiarising them with the overall India growth story and the attractiveness of Defence PSUs to potential institutional and high value investors. The various government initiatives to give a boost to the defence sector has created vibrancy and helped BEL not only to meet domestic requirements but increase its offerings to international markets.