BEL REGISTERS RECORD TURNOVER
The Bharat Electronics Limited
(BEL), a Public Sector Undertaking of the Ministry of Defence
has registered a record turnover of Rs.1939 crore during 2001-02,
which is a 13 per cent increase over last year's performance.
There has been an all round improvement in the performance and
all the nine manufacturing units of BEL continued to make profits.
The value of production during the year 2001-2002 was Rs 2022
crore, which was again an increase of 13 per cent over the previous
year's figure of Rs 1787 crore. The Profit Before Tax of the company
for the year was Rs. 283 crore which was an improvement of 28.6
per cent over the previous year's figure of Rs 220 crore. The
value of order book as on April 1, 2002 is Rs. 4100 crore. This
is the highest ever order level so far achieved by BEL. BEL has
recently negotiated an export order from AIO Egypt for refurbishment
of Cymbeline Mortar Locating Radar valued at around Rs 11.7 crore.
The contract is to be implemented in 18 months from the date of
the order. During the year 2001-02, BEL earned the distinction
of becoming the first Defence PSU to acquire operational MINIRATNA
CATEGORY-I status. This enhanced status will provide BEL certain
operational autonomy in the areas of capital investment, establishment
of Joint Ventures etc. A number of initiatives were taken to diversify
the business of BEL and secure orders. In September 2001, BEL
won a tender of Rs 18 crore from Andhra Pradesh Government towards
establishing a network (APNET) for state-wide broadcast and communication
upto district/block level. The hub has been commissioned and the
terminals are in various stages of completion. The Andhra Pradesh
Government has now invited BEL to give a proposal for Phase II
of the project to cover the whole State. The value of Phase II
will be around Rs.40 crore. Contd…..2/- -2- BEL has also been
awarded a Satellite Network tender by Andhra Pradesh Beverages
Corporation Limited (APBCL). APBCL negotiated the price with BEL
for using the common infrastructure of APNET at the Hub. The main
application is for consolidating the sales transactions on-line
by 31 remote centres with the APBCL headquarters on the BOOT model.
BEL has been selected through competitive tendering by the Ministry
of Home Affairs to establish a countrywide network called POLNET
on turnkey basis. The project includes 11 M Hub at Delhi, 40 high
capacity VSAT terminals for the State Headquarters and major cities,
833 low capacity VSATs at District Headquarters and Block levels.
The negotiations have been completed and the order valued at Rs
97 crore, is in the final stages of processing. POLNET will enable
effective communication among Police Forces of various states,
exchange of police data files and fingerprints and Video Broadcast
& Conferencing. BEL secured a large number of orders for the LED
based Solar Traffic Signals in Bangalore, Hyderabad and New Delhi
etc. BEL has also commenced manufacture and supply of solar-based
mini power plants, the first of which has been installed in a
technology foundation in New Delhi. BEL and Indian Space Research
Organisation have entered into an understanding for cooperative
efforts to meet the growing demands of satellite manufacture in
India. Satellite Electronics Payload (Transponders)- a major part
of any satellite will be manufactured by BEL for integration with
the satellites to be launched by ISRO.
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