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.
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.