Defense PSU Bharat Electronics Limited’s (BEL) order book for the first time has crossed beyond Rs 50,000 crore after bagging a Rs 9,200 crore order for supply of seven Long Range Surface-to-Air Missile (LRSAM) systems.
With this, the company 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.
BEL has entered into contracts worth about Rs 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. This is the highest-ever single value order bagged by BEL. Anandi Ramalingam, Director-Marketing, 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.