MoU Signed between Department of Defence Production and BEL
Last Updated at July 18, 2017 00:20 IST
MoU Signed between Department of Defence Production and BEL .
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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First Published: Mon, July 17 2017. 00:20 IST