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Bengaluru, April 1, 2022: Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a turnover of about Rs.15000 Cr (Provisional & Unaudited), during the Financial Year 2021-22, against the previous year’s turnover of Rs. 13,818 Cr, despite challenges posed by the COVID-19 pandemic and global semiconductors shortage.

BEL’s Order Book as on April 1, 2022, is around Rs. 57000 Cr. In the year 2021-22, BEL secured significant orders worth (approx.) Rs.18000 Cr. Some of the major orders acquired during the year were 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, etc.

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, Un-manned Systems, Home Land 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, etc.

BEL’s Chairman & Managing Director, Smt. Anandi Ramalingam, said: “Realising our country’s goal of achieving Atmanirbhar Bharat is of paramount importance. BEL will make concerted efforts to achieve self-reliance through Make in India initiatives, indigenisation, import substitution, outsourcing to Indian private industry and enhanced thrust on MSME and GeM procurement. The Company is all set to expand its wings and increase its global footprints by making all-out efforts to tap new markets across the globe. 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.”

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.

Eight of country’s top decision in 7 categories A high-profile eight-member jury to select the winners of Awards for Corporate Excelle best of India Inc. The jury was chaired by Aditya Birla Group Chairman Kumar Mangalam Birla and included JSW Group Chairman S AZB & Partners Founder and Managing Partner Zia Mody, EY India Chairman Rajiv Memani, McKinsey & Company Senior Partner Noshir Kaka, Cyril Amarchand Mangaldas Managing Partner Cyril Shroff, and Bain Capi Amit Chandra. “The jury had rich, open, and extensive deliberations to shortlist the winners this year. Almost every category had very high experience of the jury came to the fore as we selected was thorough and stimulating, and it was backed by the analytical rigour of the BS team. The range of the winners also reveals the critical role played by the pharma and health care sector over the last two years,” Birla said “My heartiest congratulations to all the winners.” Several names came up in the course of discussion for these coveted awards. But what tilted the scales in favour of the winners was the confidence of the jury in their business models, which weathered the severe pandemic storm, and the disruptions and innovations they have brought in their respective industries. Infosys Chief Executive Officer (CEO) and Managing Director (MD) Salil Parekh was selected CEO of the Year for the extraordinary turnaround and outperformance of the IT major. Cipla’s outstanding pe sector helped it bag the Company of the Year award. Bharat Electronics was chosen Star PSU of the Year; Procter & Gamble Hygiene & Health Care Star MNC; Dr Lal PathLabs Star SME; and Zerodha Broking bagged the Start-up of the Year award. The jury was unanimous in their choice of Prathap C Reddy, founder and chairman of Apollo Hospitals Enterprise, as the winner of the Lifetime Achievement award. BS Annual Awards 2021: Stellar jury picks the best of India Inc Eight of country’s top decision-makers met virtually to select the winners member jury to select the winners of Business Standard Awards for Corporate Excellence 2021 met virtually late last week and picked the The jury was chaired by Aditya Birla Group Chairman Kumar Mangalam Birla and included JSW Group Chairman Sajjan Jindal, KKR India Senior Advisor Sanjay Nayar, AZB & Partners Founder and Managing Partner Zia Mody, EY India Chairman Rajiv Memani, McKinsey & Company Senior Partner Noshir Kaka, Cyril Amarchand Mangaldas Managing Partner Cyril Shroff, and Bain Capital Private Equity Chairman “The jury had rich, open, and extensive deliberations to shortlist the winners this year. Almost every category had very high-quality nominees, and the diverse experience of the jury came to the fore as we selected the winners. The jury process was thorough and stimulating, and it was backed by the analytical rigour of the BS team. The range of the winners also reveals the critical role played by the pharma and health care sector over the last two years,” Birla said. “My heartiest congratulations to all the winners.” Several names came up in the course of discussion for these coveted awards. But what tilted the scales in favour of the winners was the confidence of the jury in their business models, which weathered the severe pandemic storm, and the disruptions vations they have brought in their respective industries. Infosys Chief Executive Officer (CEO) and Managing Director (MD) Salil Parekh was selected CEO of the Year for the extraordinary turnaround and outperformance of the IT major. Cipla’s outstanding performance and contribution to the health care sector helped it bag the Company of the Year award. Bharat Electronics was chosen Star PSU of the Year; Procter & Gamble Hygiene & Health Care Star MNC; Dr Lal PathLabs Star SME; and Zerodha Broking bagged the up of the Year award. The jury was unanimous in their choice of Prathap C Reddy, founder and chairman of Apollo Hospitals Enterprise, as the winner of the Lifetime Achievement award. BS Annual Awards 2021: Stellar jury picks ers met virtually to select the winners Business Standard Annual nce 2021 met virtually late last week and picked the The jury was chaired by Aditya Birla Group Chairman Kumar Mangalam Birla and ajjan Jindal, KKR India Senior Advisor Sanjay Nayar, AZB & Partners Founder and Managing Partner Zia Mody, EY India Chairman Rajiv Memani, McKinsey & Company Senior Partner Noshir Kaka, Cyril Amarchand tal Private Equity Chairman “The jury had rich, open, and extensive deliberations to shortlist the winners this quality nominees, and the diverse the winners. The jury process was thorough and stimulating, and it was backed by the analytical rigour of the BS team. The range of the winners also reveals the critical role played by the pharma Several names came up in the course of discussion for these coveted awards. But what tilted the scales in favour of the winners was the confidence of the jury in their business models, which weathered the severe pandemic storm, and the disruptions Infosys Chief Executive Officer (CEO) and Managing Director (MD) Salil Parekh was selected CEO of the Year for the extraordinary turnaround and outperformance of rformance and contribution to the health care Bharat Electronics was chosen Star PSU of the Year; Procter & Gamble Hygiene & Health Care Star MNC; Dr Lal PathLabs Star SME; and Zerodha Broking bagged the The jury was unanimous in their choice of Prathap C Reddy, founder and chairman of Apollo Hospitals Enterprise, as the winner of the Lifetime Achievement award. As jury chairman, Birla started the deliberations by asking the jury members to disclose conflict of interest, if any, with the shortlisted candidates. The jury was earlier provided a list of companies based on their financial performance, compiled by the BS Research Bureau, to name the award winners in the seven categories. Birla set the tone of the meeting by stating upfront that apart from the financial data, due weight should be given to strong ethical attributes, in addition to a longterm business vision in a year that saw extraordinary challenges and disrupted established business models overnight. Contribution to society during the Covid pandemic; environmental, social, governance (ESG) standards; steering the ship during a crisis; and consistent performance were the buzzwords that figured prominently during the jury deliberations. Some jury members also pointed out the exemplary contribution of unlisted companies to the Indian economy but due to lack of financial data in the public domain, they could not be considered for the awards. Jindal, who won the award in 2017 and joined the meeting from London, was of the opinion that a company’s consistent performance during the pandemic year should be kept in mind in selecting the winners. Outstanding achievements like those of Parekh and Cipla can hardly go unnoticed, when a distinguished jury comprising the heads of India’s two leading conglomerates, two leading private equity funds, two global marquee management consultancy organisations, and two top legal eagles meet to decide the winners of the awards for corporate excellence for the financial year ended March 2021 — one of the worst periods for companies across the world due to the pandemic and several lockdowns induced by it. As the nation was hit by the pandemic, like the rest of Corporate India, Infosys changed its business model overnight and asked its employees to work from home, keeping in mind the safety of the workforce.India’s second-largest IT services provider reported revenues of $13.56 billion in 2020-21. In rupee terms, they came to more than Rs 1 trillion in 2020-21, a year-on-year growth rate of 10.7 per cent, while net profit grew faster — by 16.6 per cent — year-on-year to Rs 19,351 crore. As Infosys has seen a sharp turnaround in performance and beaten peers like Tata Consultancy Services in growth, its market valuation, now over Rs 7.88 trillion, has clocked a compound annual growth rate (CAGR) of about 40 per cent over the past three years. Over a year’s period, the same is up about 48 per cent. Under Parekh, who became CEO and MD in FY18 amid turbulent times, Infosys has pivoted its growth strategy on three pillars — the agile digital business, energising the core, and reskilling and localisation. In all these areas, it has progressed well. Since his appointment, Parekh has not looked back as Infosys bagged new orders of billions of dollars and gained the confidence of its investors, clients, employees, its board, and other stakeholders. “The deliberations on CEO of the Year were quite evolved and there were quite a few candidates. Salil came out as the consensual choice due to very, very strong performance since he took the reins. And as we all know, he took over as Infosys CEO at a very tricky time,” Nayar said. Mumbai-headquartered Cipla is the third-largest pharmaceutical company in India, the third-largest over-the-counter (OTC) player in South Africa, the eighth largest by prescription in the US, and the second-largest Indian exporter to the emerging markets. Established in 1935, Cipla’s revenues for 2020-21 grew 11.8 per cent to Rs 19,160 crore, while profit after tax (PAT) jumped 55.5 per cent to Rs 2,405 crore. Between FY18 and FY21, Cipla’s revenues clocked a CAGR of 8.1 per cent, and PAT grew by 19.5 per cent annually. The company, which has seen a generational change in its leadership, draws 40 per cent of its revenues from India and 21 per cent from the US market. The South Africa region, emerging markets, and Europe contribute 18 per cent, 10 per cent, and 5 per cent, respectively. On selecting Cipla as the Company of the Year, Shroff said the performance had been outstanding and there were several other interesting aspects as well in view of the contribution to the health care sector, particularly during the pandemic. “The fact that the generational transition was so smooth, so it was quite an iconic performance and it was a pleasure for the jury to select Cipla,” Shroff said.

Hyderabad, March 24, 2022: In a major boost to its own diversification drive into non-defence and the Government’s ‘Make in India’ programme, Navratna Defence PSU Bharat Electronics Limited (BEL) and Airports Authority of India (AAI), under it’s R&D initiative, at Wings India- 2022, has entered into an agreement for the joint, indigenous development of systems for air traffic management and surface movement of aircraft at airports in the country which were hitherto being imported.

Under this Agreement, BEL and AAI will jointly develop Civil Air Traffic Management System (ATMS) with Advanced-Surface Movement Guidance and Control System (ASMGCS), a complex ground surveillance system that manages air traffic at airports and in Indian Civil Airspace for safe operation of flights from take-off to landing.

The agreement was signed by Mr M V Raja Sekhar, Director (R&D), BEL, and Mr M Suresh, Member (ANS), on behalf of BEL and AAI, respectively, in the presence of Mr Sanjeev Kumar, Chairman AAI, at Wings India- 2022 in Hyderabad today.

The dual purpose of air traffic control is to ensure safety, maintaining separation between multiple aircraft, and efficient management of operations at the airport and Indian airspace. ASMGCS provides routing, guidance and surveillance services to aircraft and vehicles, on the ground, in order to maintain safe surface movement in all weather conditions at the airport.

The aim of ATMS with ASMGCS is to provide the air traffic controller with the complete air traffic picture of the coverage area while interacting with Primary/Secondary Radar, Automatic Dependent Surveillance-Broadcast (ADS-B), Multi-lateration System (MLATs), and navigational equipment such as GPS, Instrument Landing System (ILS) and Doppler Very High Frequency Omni Range (DVOR). It also interfaces with multiple sub-systems including Aeronautical Fixed Telecommunications Network (AFTN), Airport Operational Database (AODB), Airport Collaborative Decision Making (ACDM) and Centralised Air Traffic Flow Management system (CATFM). The system is used in congested airports and airspaces to serve large volume of air traffic, including military flights.

The system comprises multiple, in-house developed technologies, such as Situation Display for Air traffic controller, Surveillance Data Processing (SDP), Flight Data Processing (FDP), Safety Net and Decision Support (SNET), Control & Monitoring Display (CMD), Advanced ASMGCS, etc. It helps in increasing capacity with improved safety by reducing controller workload, improving air traffic flow and minimising flight delays. Enhanced system reliability and availability are provided through redundant and distributed architecture, safeguarding ATM operations.

Mr M V Raja Sekhar, Director (R&D), BEL, said after signing the agreement: “BEL has been continuously striving to expand its array of solutions for various non-defense business segments. This Agreement with AAI is a major step towards ‘Make in India’ and ‘Atmanirbhar Bharat’ missions of the Government of India. The agreement aims at leveraging the complementary strengths and capabilities of BEL and AAI and enabling both to address airport modernization opportunities.”

Mr. Sanjeev Kumar, Chairman AAI said, “AAI is committed for safe and efficient Air Navigation Services across Indian airspace/airports enhancing capacity and cost-effective & environment friendly services to its customers. AAI, regularly upgrades the ATM system at the airports in line with evolving global service standards. The present agreement is in conformity with AAI’s R & D Policy to upgrade its ANS Infrastructure in systematic, efficient and cost-effective manner and in compliance with the ‘Atmanirbhar Bharat’ missions of the Government of India. This will reduce AAI’s foreign dependency for procurement of ANS infrastructure. I wish this will open a new chapter of collaboration in Indian Aviation Industry.”

About AAI

AAI, a statutory body under the Ministry of Civil Aviation, manages 137 airports, which include 24 international airports (including three international civil enclaves), 10 Customs airports (including four Customs civil enclaves), 80 domestic airports and 23 domestic civil enclaves at Defence airfields. AAI is entrusted to provide Air Traffic Management Services over the entire Indian civil air space and adjoining oceanic areas with state-of-the-art technology which includes ground installations at all airports and other locations to ensure safety of aircraft operations.

About BEL

BEL is a multi-product, multi-technology, multi-Unit conglomerate having products in the areas of Radars, Missile Systems, Military Communications, Naval Systems, Electronic Warfare & Avionics, C4I Systems, Electro Optics, Tank Electronics & Gun/Weapon System Upgrades and Electronic Fuzes in the Defence segment. BEL’s non-Defence business segment includes areas such as Electronic Voting Machines (EVMs), Homeland Security & Smart Cities, Air Traffic Controller Radars, Solar, Satellite Integration & Space Electronics, Railways, Artificial Intelligence, Cyber Security, Software as a Service, Energy Storage Products, besides Composite Shelters & Masts.

The Ministry of Defence (MoD), Government of India, and Navratna Defence PSU Bharat Electronics Limited (BEL) on February 24, 2022, signed a contract for the retro-modification of Commander Sight of Battle Tanks-T90 for the Indian Army. The retro-modification will be carried out in 957 tanks. The total value of the contract is Rs. 1,075 Crs (including all taxes and duties.)

The successful indigenous development of Thermal Imager-based Commander Sight, jointly by IRDE, DRDO and BEL, with improved performance than its predecessor provides a further boost to the ‘Make in India’ initiative of the Government of India. This will provide a fillip to indigenous defence manufacturing and open avenues for export of such advanced technology.

Photo caption: Ms Dipti Mohil Chawla, IDAS, Joint Secretary & Acquisition Manager (Land System) / In-Charge (Coordination), Ministry of Defence, Government of India, exchanging the contract documents with Mr Manoj Kumar, Executive Director (National Marketing), BEL.

 

New York / Bengaluru, January 27, 2022: Navratna Defence PSU Bharat Electronics Limited (BEL) and Hyperion Global Group, LLC, an infrastructure telecommunication distribution company based in the USA, have entered into a contract to develop, manufacture and supply Internet of Things (IoT) devices for the US market.

As per the contract signed on January 21, 2022, BEL will manufacture and supply IoT devices worth US $73 Million to Hyperion during the first year of commencement of supply with a provision to negotiate and supply upgrades of the products, worth US $365 Million, in the next five years.

Hyperion’s next generation global telecommunications infrastructure devices are all set to revolutionise the way people live, learn, communicate, and consume data. This global infrastructure is the key to unlocking unprecedented levels of performance and speed made possible by the combination of IoT and 5G. Hyperion will accomplish this by strategically implementing a six-phase strategy to meet its customer demands.

The contract pairs Hyperion’s need to provide advanced connectivity solutions with BEL’s world-class engineering and manufacturing capabilities. BEL, as India’s leading defence electronics company, is uniquely qualified to deliver a durable product to Hyperion, USA, which has a robust product roadmap and global expansion strategy in place.

The contract was signed last Friday (January 21, 2022) by BEL’s New York Regional Office and Hyperion in the presence of Mr M V Rajasekhar, Director R&D, BEL, Mr Nick Studebaker, CEO, Hyperion Group, Mrs Prabha Goyal, GM (BEL-Panchkula), and other senior officials of BEL and Hyperion.

Mr M V Rajasekhar, Director R&D, BEL, said: “BEL is happy to be associated with Hyperion Group in being a part of the communication revolution that has taken the world by storm. We are hoping to supply lakhs of IoT devices to Hyperion in the next five years.”

Mrs Anandi Ramalingam, Chairman & Managing Director, BEL, said: “BEL is looking forward to expanding its global footprint and the contract with Hyperion is another major step in that direction. Our Central Research Laboratory will be actively working on this project and our New York Regional Office, which is handling our marketing activities in the US, will be closely interacting with Hyperion for the timely execution of the contract.” Mr Nick Studebaker, CEO, Hyperion Group, said: “We are excited to have BEL as our strategic manufacturing partner. We believe that the IoT space will be truly transformative in the way individuals, small to large businesses, municipalities and governmental organizations at the local, regional, and national levels communicate.

We are looking forward to participating in this exciting opportunity with BEL and its talented and accomplished team.”

For all press inquiries, please contact press@hyperiongg.com, media@bel.co.in

About Hyperion:

Hyperion Global Group, formed in September 2020, is a Delaware limited liability company that operates as an infrastructure telecommunication distribution company with a goal to provide technology solutions for tomorrow’s connected world.

Hyperion’s network will provide both broad outdoor coverage and indoor penetration, making it an ideal connectivity choice for Smart Cities, manufacturing, distribution, asset tracking and multi-location complex enterprise solutions.

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 Defense segment. BEL’s non-defence business segment includes areas such as Electronic Voting Machines, 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.