Archives: News

Bengaluru, December 22, 2023: Navratna Defence PSU Bharat Electronics Limited (BEL) has received orders worth Rs. 2,673 Crs from Goa Shipyard Limited (Value: Rs. 1,701 Crs) and Garden Reach Shipbuilders & Engineers (Value: Rs. 972 Crs) for supply of 14 types of sensors for use on Next Generation Offshore Patrol Vessels (NGOPV). This will have the participation of electronics and associated industries including MSMEs, which are sub-vendors of BEL. The equipment manufactured by BEL are part of the ‘Atmanirbhar Bharat’ programme.

The company has also received additional orders worth Rs 86.15 Crs since the last disclosure on December 15, 2023, and the said orders pertain to miscellaneous Spares & Services.

With the above, BEL has bagged cumulative orders of worth Rs. 25,935.15 Crs till now in the current financial year.

Navratna Defence PSU Bharat Electronics Limited (BEL) has received an order of Rs. 4,522.25 Crore ( *Rs. 5336.25 Crores including taxes)* from the Indian Army for the supply of Fuses for various calibres. This contract has been signed on December 15, 2023, by Maj Gen Gurpreet Singh Choudhry, SM, VSM [JS (Army & TA)/DMA] & Shri Bhanu Prakash Srivastava, CMD, BEL, in the presence of Vice Admiral Atul Anand, AVSM, VSM, Additional Secretary (DMA). Indigenisation of critical technologies is the key requirement of the tender.

This project will have the participation of Indian Electronics and associated Industries, including MSMEs which are sub-vendors of BEL. The equipment manufactured by BEL are part of the ‘Atmanirbhar Bharat’ programme.

The company has also received additional orders worth Rs 356 Crores since the last disclosure on 6th December 2023 and the said orders pertain to other products like EW (Electronic Warfare) Testers, Medical Systems (Exports), Consumables and Batteries for Electronic Voting Machines (EVMs), Night Vision Devices Spares and Services.

With the above, BEL has cumulatively received orders worth Rs.23,176 Crores (excl. taxes) in the current financial year 2023-24.

Bengaluru, December 6, 2023: Bharat Electronics Limited received an order of Rs 580 Crore from Indian Army for AMC of Radars. This project will have participation of Indian electronics and associated industries, including MSMEs, which are sub-vendors of BEL.

The Company has also received additional orders worth Rs 3,335 Crore since the last disclosure on 15 th Sept 2023 and the said orders pertain to AMC for AEW&C system (Airborne Early Warning & Control), Uncooled TI sights, Software Defined Radios, SWIR pay load, AMC for IACCS, Passive Night Vision Binoculars etc.

All the equipment manufactured by BEL are part of ‘Aatmanirbhar Bharat’ program.

With the above, cumulatively BEL has received orders worth Rs 18,298 Crore in the current financial year 2023-24.

Mr Bhanu Prakash Srivastava, Chairman & Managing Director (Additional Charge), Bharat Electronics Limited, presented the 60% final dividend cheque of Rs.224,27,53,160.40/- (Rupees Two Hundred Twenty-four Crore Twenty- seven Lakh Fifty-three Thousand One Hundred and Sixty Point Four Zero Only), payable on the shares held by the President of India, to the honorable Defence Minister, Shri Rajnath Singh, at New Delhi on October 25, 2023. The Company had paid the First Interim Dividend of 60% (on face value of Rs. 1 per equity share) in February 2023 and the Second Interim Dividend of 60% (on face value of Rs. 1 per equity share) in March 2023. The Company has thus paid a total dividend of 180% on its paid up capital for the year 2022–23.

Photo Caption: Mr Bhanu Prakash Srivastava, Chairman & Managing Director (Additional Charge), Bharat Electronics Limited, presenting the 60% final dividend cheque of Rs.224,27,53,160.40/- (Rupees Two Hundred Twenty-four Crore Twenty-seven Lakh Fifty-three Thousand One Hundred and Sixty Point Four Zero Only), payable on the shares held by the President of India, to the honorable Defence Minister, Shri Rajnath Singh, at New Delhi on October 25, 2023. In the pic are (from left) Mr Damodar Bhattad, Director (Finance), BEL, Mr Manoj Jain, Director (R&D), BEL, Shri Rajnath Singh, Raksha Mantri, Mr Giridhar Aramane, Defence Secretary, Mr Bhanu Prakash Srivastava, CMD, BEL, Mr Shalabh Tyagi, JS (P&C), Mr T Natarajan, AS (DP), and Mr Manoj Kumar, ED (NM & IM).

Bharat Electronics Limited received an order of Rs.2,118.57 Crore from Cochin Shipyard Limited for the supply of various equipment consisting of Sensors, Weapon equipment, Fire Control systems and Communication equipment for six numbers Next Generation Missile Vessels (NGMV), class of anti-surface warfare corvettes for Indian Navy.

This project will have the participation of Indian electronics and associated industries, including MSMEs, which are sub-vendors of BEL.

The equipment manufactured by BEL is part of ‘Aatmanirbhar Bharat’ program.

The Company has also received additional orders worth Rs.886 Crore since the last disclosure on 25th August 2023 and the said orders pertain to the Upgrade of AFNET SATCOM N/W, Upgrade of Akash Missiles with RF Seeker, Inertial Navigation System and other equipments with accessories and spares, etc.

With this BEL has in all received orders worth Rs.14,384 Crore till now in the financial year 2023-24.

Pune, August 30, 2023: Navratna Defence PSU Bharat Electronics Limited (BEL) has designed and manufactured a customised Chemical Biological Radiological Nuclear (CBRN) HAZMAT (Hazardous Material) Vehicle in a record time for the National Disaster Response Force (NDRF).

At a ceremony held today (August 30, 2023) at BEL’s Pune Unit, which has designed and manufactured this Vehicle, Mr Atul Karwal, IPS, Director General, NDRF, and Mr Bhanu Prakash Srivastava, Chairman & Managing Director, BEL, flagged off the first of the CBRN HAZMAT Vehicles.

It is noteworthy that BEL was able to design, manufacture and supply this state-of- the-art system ahead of the deadline, exceeding the expectations of the customer. This vehicle is yet another achievement in BEL’s Make in India and Atmanirbhar Bharat initiatives.

About the CBRN HAZMAT Vehicle

The CBRN (Chemical Biological Radiological Nuclear) HAZMAT (Hazardous Material) Vehicle is used to detect, monitor and respond to hazardous chemical, biological or radiological incidents, where it is vital to plug / seal the source of contamination to contain any further release of hazardous substance.

The vehicle has operational endurance in a fully enclosed, over-pressurised CBRN Shelter with NBC Filtration & Air Conditioning Unit. It has a spacious Operator Compartment integrated with a wide range of user-friendly Chemical-Biological- Radiation-Nuclear detection and identification sensors, both portable and vehicle mounted. It has Handheld Thermal Imager, providing night vision. It has alternate breathing support facility in the form of demand valve face masks during contingencies.

The Vehicle provides a platform to take the responders up to the source of leak and facilitates the responders in case of a CBRN disaster, where moving on foot would not be feasible. It is integrated with NBC Filtration System for keeping the Vehicle safe in an NBC contaminated area. It provides fresh air for 6 personnel.

The state-of-the-art Control Console is used to monitor the operation of various equipment on board. Integrated, dedicated software allows the operator to fully evaluate the live data and display it on the vehicle console and in the Command Centre.

The Vehicle is also integrated with Hazard Prediction Software that takes inputs from the observer about CBRN threat, environmental data from the weather sensor and positioning data from the on-board GPS system and provides a realistic picture of the whole scenario to the Command & Control Centre, which will enable planning of rescue operations and further course of action.

It is equipped with three layers of communication – VHF, HF and Satellite Communication for hassle-free live audio, video and data communication between responders, Vehicle and Command Centre situated remotely.

The systems on board also capture the responder’s health data live in order to plan rescue and replacement. The Vehicle also contains decontamination chambers for decontaminating responders re-entering the vehicle after operations.

Bengaluru, September 1, 2023: Navratna Defence PSU Bharat Electronics Limited (BEL) and Israel Aerospace Industries (IAI), Israel’s leading aerospace and defence company, have inked an MoU for co-operation in addressing India’s requirements in the domain of Short Range Air Defence Systems.

The MoU was signed by Mr K V Suresh Kumar, Director (Marketing), BEL, and Mr Avi Elisha, VP and General Manager, Missile Systems Division, IAI, in the presence of Mr Bhanu Prakash Srivastava, CMD, BEL, in Bengaluru yesterday.

The partnership marks yet another significant step towards cementing the synergy between the two companies which have a long history of association. BEL and IAI are engaged in several joint development / production / product support programmes for the Indian Defence forces.

The MoU aims at leveraging IAI and BEL’s capabilities, and is in sync with the ‘Atmanirbhar Bharat’ and ‘Make in India’ policies of the Government of India.

Mr Bhanu Prakash Srivastava, CMD, BEL, said: “BEL considers IAI, Israel, as a key strategic partner. This MoU is envisaged to boost the co-operation between the two companies in the field of Short Range Air Defence Systems. It will empower the Indian industry to make significant contributions towards equipping our forces with state-of-the-art Short Range Air Defence Systems.”

Mr Boaz Levy, IAI’s President and CEO, said: “BEL and IAI have a successful partnership in the field of Air Defence in India. Together, we are providing the Indian Armed Forces with high-end Air Defence capabilities that meet their high-end operational requirements on one hand and ‘Make in India’ requirements on the other. Hence, it is only natural that we expand this cooperation to the Short Range Air Defence domain.”

About Israel Aerospace Industries (IAI)

Israel Aerospace Industries (IAI) is one of the world’s leading aerospace and defence companies that delivers state-of-the-art technologies in space, air, land, naval, cyber and homeland security for defence and commercial markets. Combining the “Start-up Nation” spirit of innovation with decades of combat-proven experience, IAI provides customers with tailor-made, cutting-edge solutions including satellites, UAVs, missiles, loitering munitions, intelligence solutions, weapon systems, air defence systems, robotic systems, radars, business jets, aerostructures, and more. Established in 1953, IAI is one of Israel’s largest technology employers with offices and R&D centres in Israel and abroad.

About BEL

Navratna Defence PSU Bharat Electronics Limited (BEL) was established in 1954 under the Ministry of Defence, GoI, with a farsighted vision to make the country self-reliant in Defence electronics. Today, BEL is a multi-product, multi-technology, multi-Unit conglomerate which designs, manufactures and supplies state-of-the-art products and systems in a wide variety of fields including 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, Satellite Integration & Space Electronics, Railways, Artificial Intelligence, Cyber Security, Software as a Service, Energy Storage Products, besides Composite Shelters & Masts. BEL is fast expanding its global presence, putting its best foot forward to give a thrust to exports worldwide. All-out efforts are being made to tap new markets across the globe, including the Indian Ocean Region and friendly foreign countries.

Photo caption: Mr K V Suresh Kumar, Director (Marketing), BEL, and Mr Avi Elisha, VP and General Manager, Missile Systems Division, IAI, display the MoU signed between BEL and IAI, in the presence of Mr Bhanu Prakash Srivastava, CMD, BEL, and other senior officers in Bengaluru yesterday.

Contact:

Sanjeev N. Deshpande, Sr. DGM, Corporate Communication, BEL, deshpandesn[at]bel[dot]co[dot]in

Dafna Slyper Ravitz, IAI, Tel. 052-3189797, daravitz[at]iai[dot]co[dot]il, www.iai.co.il

Bengaluru, August 25, 2023: Navratna Defence PSU Bharat Electronics Limited (BEL) has received new Defence and non-Defence orders worth Rs. 3,289 Cr. during July and August 2023 (till date).

Above orders are for supply of Low Level Light Weight Radars, SONARS, IFF Systems, SATCOM Systems, EO/IR Payloads, TRM/DTRMs, Jammers, Encryptors, Data Link Systems, Fire Control Systems, Radars for Directed Energy Systems, Semi Rugged Telephone Exchanges, Software Defined Radios and various others types of radios, Electronic Voting Machines, AMC and Spares. These also include the LoI / order worth Rs 1,075 Cr received today from Hindustan Shipyards Limited for supply of CMS, Communication Systems, EW Systems and other sensors for Fleet Support Ships.

These orders are in addition to the Rs. 8,091 Cr orders, which are already received. With this, BEL has in all received orders of Rs. 11,380 Cr till now in the financial year 2023-24.

Photo caption: Mr Bhanu Prakash Srivastava, CMD, BEL, receiving the LoI /order worth Rs 1,075 Cr for BEL from Cmde Hemant Khatri, IN (Retd), CMD, Hindustan Shipyards Limited, for supply of CMS, Communication Systems, EW Systems and other sensors for Fleet Support Ships.

Bengaluru, July 27, 2023: Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a Turnover of Rs.3446.69 Crore, registering a growth of 12.51% during the 1 st Quarter of FY 2023-24 over the Turnover of Rs. 3063.58 Crore recorded in the corresponding period of the previous year.

Profit Before Tax (PBT) during the 1 st Quarter of FY 2023-24 stood at Rs. 703.75Crore, registering a growth of 21.73% over the Profit Before Tax (PBT) of Rs.578.10 Crore recorded in the corresponding period of the previous year.

Profit After Tax (PAT) during the 1 st Quarter of FY 2023-24 stood at Rs. 530.84 Crore, registering a growth of 23.02% over the Profit After Tax (PAT) of Rs.431.49 Crore recorded in the corresponding period of the previous year.

The order book position of the company as on 1 st July, 2023 stood at Rs. 65356 Crore.

New Delhi/Bengaluru, July 19, 2023: Bharat Electronics Limited (BEL), a Navratna Defence PSU, and CoRover Private Limited, a human-centric conversational and generative AI company, have signed a two-year, non-exclusive Memorandum of Understanding (MoU) to collaborate as partners and indigenously develop and deploy emerging technologies and technical solutions to address the requirements of AI-based solutions, especially Conversational AI-based virtual assistants.

This strategic MoU, which would leverage the strengths and capabilities of both the organisations, is envisaged to give a boost to the ‘Atmanirbhar Bharat’ initiative and go a long way in realising the Government’s vision of a Digital India.

The MoU will enable both the companies to collaborate in areas of Generative AI platform, particularly the BharatGPT platform of Co-Rover. Artificial Intelligence can be used to develop many more interactive applications like Dialogue/Conversational Management, Real Time Analytics, Speech to Text (STT)/Automatic Speech Recognition (ASR), Text to Speech (TTS), Speech to Speech (STS), Video to Text, Documents-to-Text (fine-tuned AI-based OCR, hand-written documents are also supported), Text-to-Q&A (Q&A Generator), Text-to-Voice (voice cloning), Text-to- Video (Video Cloning), Sentiment Analysis, and many more.

BEL, India’s leading manufacturer of Defence electronic products and systems, brings to the table extensive expertise in research, design, development and production across multiple segments. BEL’s areas of business encompass Radars & Weapon Systems, Communication Systems, Electronic Warfare Systems, C4I Systems, Anti-submarine Warfare Systems, Electro-Optic Systems, and more. BEL has also established a robust manufacturing infrastructure and an ecosystem for research and development. Furthermore, BEL is actively engaged in software product development for various projects.

CoRover Private Limited, on the other hand, has developed the world’s first human- centric conversational AI platform, being used by 1.3 Billion users, powered by cutting-edge technologies such as Artificial Intelligence (AI), Machine Learning (ML), Natural Language Processing (NLP), Augmented Reality (AR) and Virtual Reality (VR). CoRover’s expertise lies in developing secure, scalable and reliable conversational AI, VideoBot, VoiceBot and ChatBot solutions. Their innovative products have found applications in various sectors, including Defence, Banking, Finance, Healthcare, Manufacturing, Travel, e-Commerce and more.