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Navratna Defence PSU Bharat Electronics Limited (BEL) has contributed Rs. 5.45 Crores from its CSR (Corporate Social Responsibility) Fund to the PM CARES Fund, in support of the Government’s concerted efforts in dealing with the challenges arising out of the raging second wave of the COVID-19 pandemic.

BEL is also utilising Rs. 4 Crores of its CSR Fund to set up Medical Oxygen Generation Plants in 12 Government hospitals in six states to ramp up their oxygen requirement and help ease current crisis across the country.

BEL is putting in all efforts to support the country’s war against COVID-19. Last year, the Company had released Rs. 10 Crores from its CSR Fund towards the PM CARES Fund, to combat and contain the pandemic in India and also for relief efforts.

Bengaluru

April 30, 2021

ASHOK K S

SR DGM (CORP COMN)

Bengaluru, April 5, 2021: It was a moment of pride for Bharat Electronics Limited (BEL) when a year  back it received the Directorate General Quality Assurance (DGQA)’s Green Channel Status certificate for  supply of Spares for Flycatcher Radar, manufactured at its Military Radar Strategic Business Unit (SBU) in  Bangalore. It was the first time any organisation in India was issued this coveted certificate, ever since the  Green Channel Policy was formulated.

Today, the Navratna Defence PSU has received 12 Green Channel Certificates for a total of 41 products  manufactured at 10 SBUs/Units: Ghaziabad Unit and Military Radar SBU for Radars, Naval Systems I and  Naval Systems II SBUs for Naval products, Military Communications SBU and Panchkula Unit for  Communication equipment, Machilipatnam Unit for Opto Electronic products, Navi Mumbai Unit for spares  for Mast, Pune Unit for batteries for communication equipment, and Chennai Unit for gun upgrade.

The Ministry of Defence promulgated the Green Channel Policy for promoting ease of doing business as  part of its ‘Make in India’ initiatives. A mechanism has been set up to award Green Channel Status to firms  with pre-defined financial and quality credentials for broad categories of items having continuous  requirement in the Defence Forces. Responsibility of inspection of goods is given to the firms, after their  credentials are verified by the Green Channel Committee (GCC), comprising of various stakeholders from  DGQA and the procurement ecosystem.

Green Channel Status is the authority given by the Purchaser to the Manufacturer to formally certify its  products or stores on behalf of the purchaser or any other authority designated by him, after having  verified the Firm’s infrastructure, quality policies and practices to produce and supply goods of specified  quality. The Purchaser’s confidence in the Firm’s Quality Assurance is the central tenet in awarding of  Green Channel Status.

Photo captions:

Lt Gen R K Malhotra, DG DGQA, presenting to Mr Jagadish Chand, GM (Radar)/BEL-Ghaziabad, the Green  Channel Certificate for Ghaziabad Unit for supply of Reporter and Bharani Radars and Spares.

Lt Gen R K Malhotra, DG DGQA, presenting to Mr Ramakrishnan L, GM (MR)/BEL-Bangalore, the Green  Channel Certificate for Military Radar SBU of BEL-Bangalore for supply of Weapon Locating Radar, Battle  Field Surveillance Radar (Medium Range / Short Range) and Schilka Weapon System Upgrade.

Lt Gen R K Malhotra, DG DGQA, presenting to Mr G L Pedro, GM (BEL-Chennai), the Green Channel  Certificate for Chennai Unit for supply of L-70 Gun Upgrade and BMP Mk II equipment.

Bengaluru, April 1, 2021:

Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a turnover of about Rs.13500 Crores (Provisional & Unaudited) during Financial Year 2020-21, against previous year’s turnover of Rs.12608 Crores in spite of the challenges posed by COVID19 Pandemic & intense competition in business.

BEL’s Order Book as on 1.4.2021 is around Rs.53000 Crs. In the year 2020-21, BEL secured significant orders worth Rs.15000 Crs. Some of the major orders acquired during the year are ICU Ventilators, Software Defined Radios & Communication equipment, Various types of Radars, Sonars, Torpedo Decoy Systems, Electronic Warfare Systems, Networking & Encryption products, and smart cities etc.

Some of the flagship projects executed during FY 2020-21 are ICU Ventilators, Missile Systems (Akash & LRSAM), Gun Upgrades, Various Radars, Various Sonars, Command & Control Systems, Electro-optic systems, Communication & Encryption products, EW Systems, Coastal Surveillance System, Electronic Fuzes, Home Land Security & Smart City Projects, KFON, Avionics Package for LCA etc.

BEL achieved Export sales of around US$ 50 Million during FY 2020-21. Major products exported include Coastal Surveillance System, Trans-Receive (TR) Modules, Bharati Radio, Identification of Friend or Foe–Interrogator (IFFI), Electro-Optic System Compact Multi-Purpose Advanced Stabilization System (EOS CoMPASS), Electro-Mechanical parts, Radar Finger Printing System (RFPS), Low Band Receivers (LBREC), Spares for Radars etc.

BEL’s Chairman & Managing Director M V Gowtama said, “BEL will continue its efforts in becoming Self-Reliant through enhanced focus on indigenization, Outsourcing to Domestic industry with more thrust on MSME & GeM procurement and thus minimizing import dependency. The company is poised to explore & tap new growth areas and new business avenues through continuous diversification, enhancement of capabilities & competitiveness, Modernization etc. BEL has forayed into new potential business segments viz., Healthcare Solutions, Network & Cyber Security, Space Electronics, Energy Storage Systems, Software etc., and is confident of making significant headway in these segments in the years to come.

Bengaluru, March 30, 2021: Bharat Electronics Ltd (BEL), a Navratna  Defence PSU, has paid second interim dividend of 140% on its paid-up capital  to the Government of India for financial year 2020 – 21.

Mr M V Gowtama, Chairman & Managing Director, BEL, presented the second interim dividend cheque of Rs. 174,43,63,569.20/- (Rupees One Hundred Seventy-four Crores Forty-Three Lacs Sixty-three Thousand Five Hundred Sixty-nine and Twenty Paise only), payable on the shares held by the President of India, to the honorable Defence Minister, Shri Rajnath Singh, at New Delhi on March 30, 2021. BEL has declared 140% percent as second interim dividend (Rs. 1.40/- per share) to its shareholders for the financial year 2020 – 21.

This is the 18th consecutive year that BEL is paying Interim Dividend. BEL has  paid a total dividend of 280% on its paid up capital for the financial year 2019 –  20.

Photo caption:    

Mr M V Gowtama, CMD, BEL, presenting the Second Interim Dividend  Cheque to the Hon’ble Defence Minister, Shri Rajnath Singh, on March  30, 2021, at New Delhi.

Bengaluru, February 4, 2021: At Aero India 2021 today, Navratna Defence PSU Bharat Electronics Limited (BEL) and Larsen & Toubro Limited (L&T) announced an MoU to continue to cooperate in addressing the needs of the evolving domestic and export markets for Defence products and systems. The MoU seeks to leverage capabilities of both the firms through strategic alignment, enhancing indigenisation content and collaboration using high-end and advanced technologies to meet domestic needs and enhance export prospects.

Mrs Anandi Ramalingam, Director (Marketing), BEL, and Mr Arun Ramchandani, Executive Vice President (Defence & Aerospace), L&T, have signed the MoU documents.

About Bharat Electronics Limited (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, Homeland Security & Smart Cities, Solar, Satellite Integration & Space Electronics, Railways, AI, Cyber Security, Software as a Service, Energy Storage Products, besides Composite Shelters & Masts.

About Larsen & Toubro Limited (L&T): Larsen & Toubro is an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services with over USD 21 billion in revenue. It operates in over 30 countries worldwide. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.

Bengaluru, February 4, 2021: At Aero India 2021, Bengaluru, Navratna Defence PSU Bharat Electronics Limited (BEL) and Grene Robotics Pvt Ltd entered into an MoU for co-operation in the development of Autonomous Manpads Data Link System (AMDLS) and also to leverage the policy initiatives of the Indian Government, such as Make in India.

The MoU was signed on behalf of BEL and Grene Robotics Pvt Ltd by Mr Rajasekharan M V, Director (R&D), BEL, and Wg Cdr M V N Sai, Director – Defence, Grene Robotics, respectively.

About Grene Robotics Pvt. Ltd: Grene Robotics Pvt Ltd an Indian company is a cutting-edge technology R&D house that is inspired by nature’s efficient and intelligent design. Since its inception in 2008 Grene Robotics has pioneered in the R&D of Artificial Intelligence (AI) & Robotics with a vision to design, develop and deploy the most cutting-edge and one-of-a-kind autonomous systems for enterprises and governments. Grene Robotics has expertise in software environment for carrying out all defence related integration system powered by artificial intelligence and machine learning technologies.

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, Homeland Security & Smart Cities, Solar, Satellite Integration & Space Electronics, Railways, AI, Cyber Security, Software as a Service, Energy Storage Products, besides Composite Shelters & Masts.

 Mr Rajasekharan M V, Director (R&D), BEL, said after the MoU signing: “AMDL is a state-of-the-art data link system, which exploits AI to provide a comprehensive air defence solution. We are happy to be partnering with Grene Robotics, which is a niche company working in the core areas of AI and Robotics.” Photo caption: Mr Rajasekharan M V, Director (R&D), BEL, and Wg Cdr M V N Sai, Director – Defence, Grene Robotics Pvt Ltd, exchange the MoU documents at Aero India 2021 today in the presence of senior officers of BEL and Grene Robotics.

Bengaluru, February 3, 2021: In line with the Government of India’s vision for an ‘Aatmanirbhar Bharat’, Navratna Defence PSU Bharat Electronics Limited (BEL) and Italian firearms manufacturing major Beretta Italy have at Aero India 2021 announced an MoU for indigenous manufacture of Close Quarter Carbine Weapons (CQB Carbines) and other Small Arms, required by Defence and other Non-Defence customers. Mrs Anandi Ramalingam, Director (Marketing), BEL, and Mr Carlo Ferlito, General Manager, Fabbrica d’Armi Pietro Beretta S.p.A. and VP Beretta Defense Technologies, signed the MoU documents on behalf of BEL and Beretta Italy.

About Bharat Electronics Limited (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, Homeland Security & Smart Cities, Solar, Satellite Integration & Space Electronics, Railways, AI, Cyber Security, Software as a Service, Energy Storage Products, besides Composite Shelters & Masts.

About Fabbrica d’Armi Pietro Beretta S.p.A. (Beretta Italy): Fabbrica d’Armi Pietro Beretta (Beretta Italy) is one of the most renowned names in the Defense and Law Enforcement sectors. Producing the widest range of small firearms in the world from the most state-of-the-art facilities in the industry, the oldest firearms factory (officially documented since 1526) has been passed down through 15 generations of the Beretta family and now exports to over 100 countries. Beretta Italy is part of the BDT alliance. Beretta Defense Technologies (BDT) is the strategic alliance of four Beretta Holding Defense companies: Beretta, Benelli, Sako and Steiner. These founding companies of BDT produce some of the finest weaponry and equipment in their markets. Masters of excellence and new world thinkers, these companies have focused their combined technical prowess to become a single source contact to supply governments and agencies with the vital tools that fully address the requirements of modern combat and policing.

Bengaluru, November 26, 2020: Navratna Defence PSU Bharat Electronics Limited (BEL) celebrated Constitution Day on November 26, 2020. On this day in 1949, the Constitution of India was adopted. The Constitution later came into effect on January 26, 1950. The Preamble to the Indian Constitution was read out at all the Units and offices of BEL on the occasion. Banners on Constitution Day were also displayed. A video on the making of the Indian Constitution was shared with employees of the Company.

BENGALURU, October 12, 2020: Navratna defence PSU Bharat Electronics Limited (BEL) today bagged the PSE Excellence Award 2019 for Corporate Governance awarded by the Indian Chamber of Commerce (ICC) in a virtual ceremony. Mr Dinesh Kumar Batra, Director (Finance), BEL, received the award on behalf of the company.

The 10th PSE Excellence Awards, organised by the ICC online, is an initiative to salute the game changers and recognize the contributors to the Indian economy. BEL received the award for its excellent Corporate Governance initiatives – risk mitigation measures, training on anti-corruption and good governance policies, sharing of information on public domain, Board of Directors with independent directors and women directors, Whistle Blower policy and internal audit.

The best practices adopted by BEL in Corporate Governance include: Digitalization of the Board – BEL has provided iPads to all the Directors for conducting various committee and strategic meetings through videoconference, complying with all the statutory requirements, and thereby saving time and cost of travelling, saving of pages for printing agendas and thereby giving boost to the Go Green Initiative; Independence – Ensuring independence to Independent Directors, allowing them to develop their own thinking, practical approach and flexibility in monitoring the company’s business. The expertise of Professional Directors having varied experience in diverse areas helps the Board immensely in establishing innovative Corporate Governance; Compliances / Disclosure practices; Shareholders Satisfaction Survey and Sustainable Development Initiatives & Ecological Sustainability.

Photo caption: Mr Dinesh Kumar Batra, Director (Finance), BEL, receiving the PSE Excellence Award 2019 on behalf of BEL for Corporate Governance, awarded by the Indian Chamber of Commerce (ICC), at a virtual ceremony today.