ALSO READMOU signed between Department of Defence Production and MIDHANI HAL signs MoU with Government; aims at Rs 17,900 cr revenue Def PSU MDL targets Rs 4,500 crore revenue in 2017-18 Over 51 pc jump in govt's revenue expenditure in Apr: Icra Defence Budget sees marginal overall increase, gets overshadowed by manpower cost
Bharat Electronics Limited (BEL), a Navratna Schedule 'A' Central Public Sector Enterprise (CPSE) under the Department of Defence Production, Ministry of Defence 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 Ministry of Defence and Chairman and Managing Director, BEL Shri MV Gowtama.
The revenue from operations has been targeted at Rs. 9000 crore. The Operating Profit to Revenue 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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