BEL records Rs 10,000 crore turnover

State-run aerospace and defence company Bharat Electronics Limited (BEL) has reported a turnover of over Rs 10,000 crore in 2017-18, the defence ministry said today.

The turnover of the BEL, a navratna defence public sector undertaking, in 2016-17 was Rs 8,825 crore.

"BEL has achieved the landmark turnover of more than Rs 10,000 crore (provisional and unaudited) during 2017-18, sustaining double-digit growth over the previous year's turnover of Rs 8,825 crore," the ministry said.

Some of the flagship projects executed by the BEL during the year include integrated air command and control system (IACCS), weapon locating radar (WLR), hand held thermal imager (HHTI), akash weapon system, naval fire control system and electronic warfare systems.

BEL's Chairman and Managing Director MV Gowtama said the focus of the company has been on indigenisation and capacity building.

"BEL has been able to maintain good order acquisition this year. These efforts will complement BEL to sustain growth, capitalise future opportunities and consolidate market leadership in the defence business," he said.