Mrs Anandi Ramalingam, CMD, BEL, briefing journalists about BEL's performance during 2021-22 during BEL's annual Press Conference held in Bengaluru on 25 May 2022. In the year 2021-2022 BEL registered a turnover growth of 9% over the previous year, despite challenges due to Covid-19 pandemic, global chip shortage and stiff competition. Export turnover was 33.30 million USD and it achieved market capitalisation of Rs. 60,000 crores. Some major events were BEL’s Armoured Engineer Reconnaissance Vehicle inducted into Indian Army, first prototype of indigenously developed Universal Driver Training Simulator for Rolling Stock (i-UDTS) inaugurated by Secretary (MoHUA), turnover from indigenous technology was 78% and sales from their defence business being 88%. Some of the major orders executed during the year included Long Range Surface to Air Missile; Akash Weapon System; Fire Control System; Integrated Air Command & Control System; Advanced Composite Communication System; Integrated Electronic Warfare Suite and Coastal Surveillance System. Some of the new products/systems introduced during the year included Laser Fence System, IR Jammer for Active Tank Protection System, Gimbal for Tethered UAV, Drainage Intrusion Detection System, Solid State Power Controller Cards for Akash NG / QRSAM, S-Band 150W Power Amplifier, GNSS Receiver, Managed Ethernet Switch -12 Port, IP EPABX System, Navigation Complex System, C BAND GaN PA & C BAND GaAs MMICs and Oxygen Concentrator 5LPM & 10 LPM and Dialysis Machines. During the year 2021-22, the Company received many orders. Significant among these orders included avionics package for LCA, Advanced Electronic Warfare (EW) suite for fighter aircraft, Instrumented Electronic Warfare Range (IEWR), CDR TI cum Day Light Sights for T-90 Tanks, Electronic Voting Machine & VVPAT, RWR & MAWS for C-295 aircraft, Gun Electronic Upgrade, Electronic Warfare Systems for Ships, Weapon Locating Radar and Integrated Observation Equipment.
As for export performance, BEL achieved sales of $33.3 million, an order book of $269 million and acquired orders worth $179 million. Major products included Coastal Surveillance System, sub-systems of Radar and EW Systems, Data Link II, Cable Looms, Communication Equipment, Radar Finger Printing System, etc. BEL signed a contract with Airbus for supply of Radar Warning Receiver (RWR) and Missile Approach Warning Systems (MAWS) as part of Offset under C295 aircraft programme of GoI, collaborated with new local partners in Kenya, Chile, Suriname, Malaysia, Nepal and Bangladesh. BEL increased contract manufacturing portfolio by increasing empanelment as global supply chain partner with OEMs, made strategic alliances with Indian platform manufacturers initiated processes for signing agreements to create strong support within the country and with foreign OEMs to address global markets. R&D initiatives included successful development, testing and completion of Multi Target Tracking Radar and successful completion of BMP Electro Optic Upgrade and Combat Management System. BEL signed LAToT with DRDO in the areas of Radar, EW Systems, Robotics and Weapon Systems and signed MoUs with the Tri-Services towards technology co-operation and innovation.
BEL signs MoU with Defense Initiatives, Belarus
Bharat Electronics Limited (BEL) on 24 June 2022 signed an MoU with Defense Initiatives (DI), Belarus, and Defense Initiatives Aero Pvt Ltd, India (a subsidiary of DI Belarus), in the presence of Joint Secretary (DIP) and senior Indian Air Force officials. The MoU is aimed at co-operation between the three companies for supply of Airborne Defense Suite (ADS) for the helicopters of the Indian Air Force (IAF). BEL will be the prime contractor and will be supported by DI with ToT (Manufacturing and Maintenance) for supply of advanced EW suite for helicopters under ‘Make in India’ category. The MoU also aims at exploring various business opportunities for India and global markets for ADS. The partnership has evolved under the guidance of Mr Sanjay Jaju, Addl. Secretary, Department of Defence Production, and Indo-Belarusian Joint Commission (IBJC) on Military Cooperation.
