India’s defence electronics manufacturer BEL achieves a record turnover of $2 billion


BEL’s Financial Results FY 2021-22: India’s state owned defence electronics manufacturer Bharat Electronics Limited (BEL)  achieved a turnover of about Rs 15,000 crore  ($1.98 billion), during the Financial Year 2021-22 that began in April last year and ended in March this year. “As per the provisional and unaudited results, this is an increase of 8.55% against the previous year’s turnover of Rs 13,818 crore, despite the challenges posed by the COVID-19 pandemic and global semiconductors shortage,“ said the company.

BEL’s Order Book as on April 1, 2022, is around Rs. 57,000 crore. 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, among other things.

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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, and Medical Electronics. etc.

Akash Missile

Akash missile.

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, among other systems.

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BEL’s Chairman and Managing Director Anandi Ramalingam said realising the country’s goal of achieving Atmanirbhar Bharat (self-reliance) is of paramount importance for the company.

Anandi Ramalingam, CMD, BEL.

Anandi Ramalingam, BEL.

“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,” BEL’s CMD Anandi Ramalingam said in a statement.

Anandi Ramalingam said the Company was all set to expand its wings and increase its global footprints by making all-out efforts to tap new markets across the globe.

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“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,” Ramalingam added.

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*1 USD = 75.4417 INR

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