BEL bags order valued ₹ 9200 crore for supplying LRSAM
BEL order book crosses ₹ 50K Cr mark
Deepthi | Myequity news | Date : 05-09-2018 16:00:00 IST
A ₹9,200 crore order for supply of seven Long Range Surface-to-Air Missile (LRSAM) systems has pushed the order book of Navratna Defence PSU Bharat Electronics Ltd (BEL) beyond ₹50,000 crore for the first time in history of BEL as on September 5, 2018.
The Company is confident that this is just a beginning and is looking at maintaining a healthy order inflow with business segments such as Radars & Weapon Systems, Electronic Warfare Systems, Fire Control Systems, Communication Systems and C4I Systems driving its growth in the coming days.
Highest ever single value order
BEL has entered into contracts worth about ₹ 9,200 crore with Mazagon Dock Limited (MDL) and Garden Reach Shipbuilders and Engineers (GRSE) to supply LRSAM systems to be fitted onboard seven ships to be built by these two shipbuilders. This is the highest-ever single value order bagged by BEL.
Mrs Anandi Ramalingam, Director (Mktg), BEL, signed the contracts on behalf of BEL with MDL and GRSE. As the lead integrator of Akash Missile system, BEL has already proven its prowess in the realm of Turnkey Missile Systems. The Company is now geared up for futuristic programmes such as the Quick Response Surface to Air Missile (QRSAM) for the Army, Medium Range Surface to Air Missile (MRSAM) for the Indian Air Force and Long Range Surface to Air Missile (LRSAM) for the Indian Navy. BEL is the lead integrator of LRSAM systems for the Navy’s P-17A stealth frigates.
BEL will continue its indigenisation efforts in line with the ‘Make in India’ initiative. Strategies and action plans are in place to face competition, maintain its technological edge and retain its leadership position in strategic electronics.About Bharat Electronics Limited:
BEL is an Indian state-owned aerospace and defence company with about nine factories, and several regional offices in India. It is owned by the Indian Government and primarily manufactures advanced electronic products for the Indian Armed Forces. BEL is one of nine PSUs under the Ministry of Defence of India. It has been accorded Navratna status by the Government of India.