BEL

Most sector PSUs ended FY23 with strong order books

Navratna defence PSU Bharat Electronics Limited (BEL) has received export orders worth USD 52 million during this month, the company said on Friday. This includes communication equipment, electronics assembly, micro modules and mechanical parts for various customers from France, Israel, and the USA, among others, the Bengaluru-headquartered company said in a statement. "This is reflective of the growing business interest and confidence among international customers on BEL and other Indian industries, which comes with the encouragement of the Indian Government and its policies aimed at an 'Aatmanirbhar Bharat'," BEL said.

In line with its vision for self-reliance, the Defence Ministry on Wednesday signed signed three contracts -- two with Bharat Electronics Limited and one with NewSpace India Limited -- worth nearly Rs 5,400 crore to bolster the defence capabilities of the country. The first contract with BEL pertains to procurement of Automated Air Defence Control and Reporting System, 'Project Akashteer', worth Rs 1,982 crore for the Indian Army, the ministry said in a statement. The second contract with BEL relates to acquisition of Sarang Electronic Support Measure (ESM) systems along with associated engineering support package from BEL, Hyderabad, at an cost of Rs 412 crore for the Indian Navy, it said. "The contract with NSIL, a central Public Sector Enterprise under the Department of Space, Bengaluru, pertains to procurement of an advanced communication satellite, GSAT 7B, which will provide high throughput services to the Indian Army at an overall cost of Rs 2,963 crore.

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Defence PSU Bharat Electronics Limited (BEL) and Israel Aerospace Industries (IAI) have concluded a Memorandum of Agreement (MoA) to form a joint venture aiming at a single point of contact for extending long-term product support services for India's defence forces. The announcement was made by Union Minister of State for Defence Ajay Bhat, at Aero India 2023, the ongoing biennial air show and aviation exhibition, at Yelahanka Air Force Station here, a BEL statement said. The partnership is another significant step in cementing the relationship between the two companies that have a long history of association, it said. BEL, a 'Navratna' company which is a leading manufacturer of defence electronic products and systems, and IAI, a top aerospace and defence company in Israel, are engaged in several joint programmes for the Indian armed forces. The new joint venture is being established for providing life cycle support for MRSAM (Medium Range Surface to Air Missile) air defence system

Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed an MoU with the Indian Institute of Science (IISc), Bengaluru, to work together in Artificial Intelligence (AI), Machine Learning (ML) and other emerging technologies. The MoU, inked on the sidelines of the ongoing Aero India 2023 here, aims at leveraging the complementary strengths and capabilities of BEL and IISc, Bengaluru-headquartered BEL said in a statement. The agreement will enable BEL and IISc to develop various products and services wherein AI is embedded and integrated. IISc will provide specialised services in AI and ML for BEL to initiate various projects in terms of development of R&D solutions, Algorithms, and training to BEL engineers, among others.

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Defence public sector undertaking Bharat Electronics Ltd (BEL) has signed a memorandum of understanding (MoU) with Aerosense Technologies Pvt Ltd for co-operation in the development and marketing of drones and soft kill aerial anti-drone. The MoU aims at leveraging the complementary strengths and capabilities of BEL and Aerosense Technologies Pvt Ltd, said a joint statement from the companies. The tie-up would enable the two companies design and develop drones and soft kill aerial anti-drone systems. Besides, the two would explore marketing and sale of drone-based solutions for applications in defence and civilian domains for the domestic and export markets.

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Under the deal, BEL will handle front-end requirements in the market and support localisation of projects, while Smiths Detection will provide screening tech

Healthy order book, tender pipeline and margin improvement are positives

Order book, pipeline offer medium-term revenue visibility

Bengaluru-based Bharat Electronic Limited (BEL) has begun manufacturing 30,000 ventilators for intensive care units across the country

Existing defence orders in execution stage to remain BEL's earning drivers, while BEML to also gain from railway projects

Dependent on defence capex, the company is also unlikely to be impacted by coronavirus-led disruption

BHEL, BEL to develop products for defence, non-defence applications

The government currently holds 74.41%