BEL turnover jumps 12 pc to Rs 3960.38 crore

Bangalore, Apr 3: Continuing its upward surge, premier defence PSU, Bharat Electronics Ltd (BEL), has recorded its highest ever turnover of Rs 3960.38 crore for the fiscal 2006-07, a 12 per cent increase over last year.

The profit before tax rose to Rs 1041.6 crore, as against last year's figure of 855.2 crore, an increase of 22 per cent. The electronic major also achieved exports worth 11.6 million US Dollars. The turnover per employee for the last fiscal went up to Rs 32.1 lakh, an increase of 12 per cent, a company release said here today.

BEL's order book had bulged to Rs 9100 crore as on April One, due to significant orders received during the year. This included Artillery Combat Command and Control System, Electronic Warfare systems, STARS V Mk II - a secure tactical radio in VHF band and Naval Systems for P28 and P15A class of vessels.

Some of the significant orders executed during the year include supply of Flycatcher Radar, Reporter Radar, Surveillance Radar Element, Ellora - an Electrinic Warfare System, Hand Held Thermal Imager, an Integrated Shipboard Data Network for P17 class of ships and implementation of convergent billing for MTNL.

New products introduced during the year include Safari - a jammer system used for VVIP security and for protection of Army convoys, Advanced Land Navigation System, VPS Mk III - a handheld lightweight UHF Radio for use by the defence Forces, Battery Level Radar, Electronic Voting Machine Mk II and Intelligent Message Terminal.

BEL was one of the select PSUs signing the MoU with the Department of Defence Production ever since the union government introduced this performance measurement system in 1989-90. It had achieved MoU rating of 'Excellent' for the past nine consecutive years, the release added.

UNI