BEL Gets India Pride Award
Navratna Defence PSU Bharat Electronics Ltd (BEL) has won the Gold prize in the Heavy Industries category of the DNA-Dainik Bhaskar India Pride Awards 2010 for “Excellence in PSUs”.
Mr Ashwani Kumar Datt, Chairman & Managing Director, BEL, received the award from Mr Pranab Mukherjee, Union Finance Minister, at a ceremony held in New Delhi.
BEL, India’s foremost defence electronics company, is a Rs. 5,000-crore multi-product, multi-technology, multi-Unit conglomerate with over 350 products in the areas of Military Communication, Radars, Naval Systems, Telecom & Broadcast, Electronic Warfare, Tank Electronics, Electro Optics, Professional Electronic Components and Solar Photovoltaic Systems. While defence continues to contribute to nearly 80 to 85% of its revenue, BEL has expanded its horizons beyond defence electronics and touched a chord with the common man through civilian products like solar traffic signals and Electronic Voting Machines (EVMs). BEL’s customers include the Army, Navy, Air Force, Paramilitary, Coast Guard, Police, Doordarshan, All India Radio, Department of Telecommunications and consumers of professional electronic components. BEL offers customised network-centric solutions to the Army, Navy and Air Force. The Company is also working on prestigious weapon system programmes such as the Akash Missile System.
A zero-debt company, BEL’s turnover has been on a steady rise. The Company recorded a turnover of Rs. 5,219.77 crores and Profit Before Tax of Rs. 1,045.02 crores in 2009-10.