Canindia News

Bharat Electronics revenue grows 6% in 2019-20

Bengaluru, April 1 (IANS) State-run Bharat Electronics Ltd (BEL) on Wednesday reported 6 per cent annual growth in sales turnover for fiscal 2019-20 to Rs 12,500 crore.

“The company has posted Rs 12,500 crore turnover for fiscal 2019-20 as against Rs 11,789 crore a year ago,” said the city-based defence undertaking in a statement here.

The order book for the new fiscal (2020-21) is Rs 51,800 crore, including orders secured in the just-concluded fiscal (2019-20).

Some of the major orders from the three armed services are Akash missiles (seven squadrons), coastal surveillance systems, upgrade for electronic warfare system, radars and weapon systems, software defined radio, sonars and advanced communication systems.

Among the projects executed in the last fiscal are command and control systems, thermal imagers for tanks, upgrade of communication system, land-based EW systems, weapon repair facility, and a radars avionics package for the Light Combat Aircraft Tejas.

“The global lockdown due to Covid-19 and the economic slowdown had impacted us in March. Some projects could not be completed due to force majeure, which otherwise would have contributed to our revenues during the fiscal under review,” said company chairman M.V. Gowtama in the statement.

–IANS

fb/vd

YOU MAY ALSO BE INTERESTED IN

IIFL dealer, 5 others barred from securities market for front running

CanIndia New Wire Service

India can become AI laboratory of the world: NITI Aayog CEO

CanIndia New Wire Service

India needs to move beyond exporting raw materials: Goyal

CanIndia New Wire Service

Growth in data tariffs, broadband reach show move towards higher ARPU

CanIndia New Wire Service

Three pvt banks in TN, Kerala hit headlines for wrong reasons

CanIndia New Wire Service

Stimulus, healthy macros expected to lift markets (IANS Equity Outlook)

CanIndia New Wire Service

‘CIRP threshold against personal guarantors should be raised’

CanIndia New Wire Service

Unscathed: Pent-up demand more sustained, predictable now, says Kia India (IANS Special)

CanIndia New Wire Service

Accounts not performing due to delay won’t be labelled NPAs: Centre

CanIndia New Wire Service

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

SUBSCRIBE TO OUR WEEKLY NEWSLETTER

Stay up to date with the latest news and exclusive offers directly in your inbox