Bharat Electronics Limited (BEL), with a vision of making India self-reliant, has been India’s foremost defence electronics company since 1954. BEL is steadily increasing its portfolio in defence electronics. It has been the most trusted partner of Defence Research and Development Organisation (DRDO) and spends eight per cent to nine per cent of its turnover on R&D. It has strengthened the armed forces (Indian Navy, Indian Air Force as well as Indian Army) with many indigenous defence systems in the field of radars, communication systems, Electronic Warfare systems, weapon systems, night vision devices, etc.

Some of the systems already delivered include the various surveillance and weapon locating radars, Akash Missile System, IFF radars, Air Defence Control & Reporting System (ADC&RS), Combat Management Systems (CMS) and Sonars for ships & submarines, ship-borne and land-based EW Systems, Communication equipment for Navy and Army, Digital Flight Control Computer (DFCC) & Avionics for Light Combat Aircraft (LCA), Night Vision devices, etc.

How does BEL contribute to the modernisation of armed forces? What are the latest products in defence and aerospace category?

Modernisation of armed forces happens through induction of state-of-the-art equipment and upgrading sensors and weapons on existing platforms. BEL is contributing in both these areas. Today, BEL is working on many new products such as AESA-based modern Multi-Mode Radars, Next Generation Electronic Warfare suites for fighter aircraft, Integrated EW systems for various terrains/ ships, Tactical Communication Systems, Battlefield Management Systems, Passive Night Vision Devices, Multi-sensor Stabilisation Systems with sensors, and new gun programme with target acquisition and fire control capabilities. Also, BEL is providing upgrade solutions like for Schilka and L70 guns.

Could you talk about the revenue expectations in FY18? Also, please talk about the order book position of BEL?

Revenue Expectations: BEL is likely to achieve a turnover mark of around Rs 10,000 crore for FY 2017-18. The company is deploying all efforts to sustain double digit growth in revenues year-on-year. Based on comprehensive analysis of the next five-year plan, proactive new business initiatives, new order acquisition and future business trends, the company is confident of reaching a turnover of Rs 15,000 crore in the next three to four years.