BEL posts five percent turnover growth in FY 2013

Bangalore, April 3 (IANS) State-run Bharat Electronics Ltd. (BEL) posted sales turnover of Rs.6,010 crore (Rs.60 billion/$1.1 billion) for the just-concluded fiscal 2012-13, registering a five percent growth over previous fiscal (2011-12) at Rs.5,704 crore (Rs.57 billion).

According to the company’s provisional results for the fiscal under review (FY 2013), export revenue declined to $35 million from $38.5 million in the previous fiscal (2011-12) and $42 million in 2010-11.

“With a healthy order book of about Rs.25,000 crore, the company is set to continue its good run in the new fiscal year (2013-14),” the defence behemoth said in a statement Wednesday.

The company unveiled 10 new products in the areas of radar and fire control, sonars, electronic warfare, communication, tank electronics and electro optics.

Among orders executed during the last fiscal are Akash weapon system, radar and fire control systems, national command control communication and intelligence, national population register and passive night vision devices.

The opinions, beliefs and viewpoints expressed by authors, news service providers on this page do not necessarily reflect the opinions, beliefs and viewpoints of Hill Post. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual. Hill Post makes no representations as to the accuracy or completeness of any information on this site page.

Leave a comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.