Defence PSU Bharat Electronics Limited’s (BEL) order book as on April 1, 2019 stood at ₹51,798 crore as compared with ₹40,115 crore in April 2018. During the year 2018-19, company has acquired ₹23,431 crore worth of new orders. The expenditure on R&D was ₹1,077 crore as against ₹988 crore in 2017-18. The value added per employee was ₹60.38 lakh in comparison to ₹45.86 lakh the previous year. On the export front, order book stood at $116.62 million as on April 1, 2019, M V Gowtama, chairman and managing director, BEL said in his annual press conference.

BEL said that it is exploring collaboration with the ISRO, leveraging their technological capabilities in design and development of various products/systems

Public sector major Bharat Electronics Ltd (BEL) is planning to grab its pie on the Rs 9,000 Crores worth opportunity Indian Space Research Organisation (ISRO) is opening up for the industries in the next few years.

ISRO Satellites

“After assembling and building one satellite for ISRO, we have got confidence now of going ahead to build future satellites by partnering with Indian industry. This year, we are expecting more orders from ISRO,” Gowtama said.

“To take it forward, the company has bought 30 acres in Devanahalli, near Bangalore allotted by KSSIDC. Here we plan to build separate facility specially to cater to ISRO’s satellite needs,” he added.

In the next three years, the industry can get orders worth Rs 90 billion as the space organisation would require nearly 40 rockets, including 30 PSLVs and 10 GSLVs and about 60 satellites.