Bangalore, Apr 17 (UNI) Leading defence public sector unit Bharat Electronics Limited (BEL) has identified new business areas in the civilian market to improve its market share in the sector, company Chairman and Managing Director Y Gopala Rao said today. Talking to newspersons here after releasing the company's financial highlights for 2005-06, he said diversification into various segments of the civilian market had been identified as the vehicle to achieve the anticipated future growth. Some of the new areas included smart card, baggage inspection system, security system and airport lighting. Reorganising the systems activity into a separate business unit had started yielding results, he added.
Revealing that the company had won a prestigious Rs 500 crore contract from MTNL in March last, Mr Rao said it involved supply, integration, annual maintenance and facility management of convergent billing, which proposed to replace the existing billing system with a new state-of-the-art Call Data Record based convergent billing system in Delhi and Mumbai for 3.5 million customers. On implementation of the project, the customers would receive a single composite bill for all services rendered by MTNL such as land phone, telefax, internet, mobile and broadband, he added.
To a question, he said the company hoped to cross Rs 10,000 crore turnover by 2011-12, of which at least 20 per cent should be from the civilian area. The present value of supplies for the civil segment stood at Rs 500 crore, he added.
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