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MoU Signed between Department of Defence Production and BEL

Capital Market 

Bharat Electronics Limited (BEL), a Navratna Schedule 'A' Central Public Sector Enterprise (CPSE) under the Department of Defence Production, signed a Memorandum of Understanding (MoU) for the financial year 2017-18 with the Ministry. The annual MoU was signed between Secretary (Defence Production) Shri Ashok Kumar Gupta on behalf of the and Chairman and Managing Director, BEL Shri MV Gowtama.

The from operations has been targeted at Rs. 9000 crore. The Operating Profit to from Operations target has been set at 14 percent and PAT to Average Networth has been set at 15 percent.

Turnover from exports and increase in indigenous content are given additional focus during the year, along with other parameters like CAPEX investment and Monitoring of CAPEX projects, Reduction in Trade Receivables, and HR related parameters.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 18 2017. 09:32 IST
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