India Development News & Foreign Investment Opportunities

BEL Rs.48,995 crore orderbook

Defence PSU reports robust growth

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Defence PSU reports robust growth

 

BEL’s Drone Guard System on display at DefExpo 2018 in Chennai on 12 April 2018.

 

Bharat Electronics Limited (BEL) has received orders worth Rs.14,338 crore during the first half of the current year, boosting order-book to Rs.48,995 crore as of 1 Oct 2018.

BEL, a leading Public Sector Defence Unit, also achieved a robust growth in turnover of Rs.3,282.40 crore, during the 2nd quarter of FY 2018-19, up about 35% over the turnover of Rs.2,431.73 crore recorded in the corresponding period of the previous year.
in fiscal year 2018-19.

Profit After Tax (PAT) during the 2nd quarter of FY 2018-19 stood at Rs.571.31 crore, an increase of about 39% over Rs.412.39 crore recorded in the corresponding period of the previous year.

BEL’s first half FY18-19 turnover was Rs.5,360.24 crore, up about 27% over the turnover of Rs.4,204.56 crore recorded in the corresponding period of the previous year.

First half year Profit After Tax (PAT) was Rs.751.04 crore, a growth of about 40% over Rs.537.71 crore from a year ago. fiinews.com

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