Bharat Electronics (BEL)

In July 2023, Bharat Electronics Limited (BEL) and CoRover Private Limited, a human-centric conversational and generative AI company, signed a two-year, non-exclusive Memorandum of Understanding (MoU) to collaborate as partners and indigenously develop and deploy emerging technologies and technical solutions to address the requirements of AI-based solutions, especially Conversational AI-based virtual assistants.

In July 2023, Bharat Electronics Limited (BEL) and Gabriel Power and Energy Pvt Ltd signed a Memorandum of Understanding (MoU) to collaborate as partners and come up with state-of-the-art, cutting-edge technologies which can be manufactured in India for the use of Government and private sectors.

Bharat Electronics Limited (BEL) received new Defence and non-Defence orders worth Rs. 2,191 crore (US$ 264 million).

Bharat Electronics Limited (BEL) has achieved a turnover of about US$ 2.11 billion (Rs. 17,300 crore), during the financial year 2022-23, registering a growth of 15%.

Bharat Electronics Limited (BEL) received export orders worth US$ 52 million (approx.) in the month of March, 2023.

The Ministry of Defence (MoD), Government of India, signed two contracts worth US$ 329.2 million (Rs. 2,696 crore) with Bharat Electronics Limited (BEL), Bangalore in March, 2023 to bolster the defence capabilities of the country.

BEL won three ICC (Indian Chamber of Commerce) PSE Excellence Awards for the “Company of the Year”, “Inclusivity - Contribution of Women and Differently Abled in PSEs”, as well as Runner Up Award for “Operational Performance Excellence” in March, 2023.

In November 2022, Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed an MoU with Bosch Global Software Technologies Pvt Ltd (BGSW) for jointly implementing projects in the areas of e-Governance, ERP and Cloud solutions.

Bharat Electronics Limited (BEL) and Hindustan Aeronautics Limited (HAL) signed a contract for the co-development and co-production of the Long Range Dual Band Infra-Red Search and Track System (IRST) for the Su-30 MKI under the MAKE-II procedure of Defence Acquisition Procedure (DAP) 2020 as a part of the Make in India initiative.

On February 24, 2022, the Government of India's Ministry of Defence (MoD) and Navratna Defence PSU Bharat Electronics Limited (BEL) inked a contract for the retro-modification of Commander Sight of Battle Tanks-T90 for the Indian Army. 977 tanks will be retrofitted. The contract is worth Rs. 1,075 crore (US$ 141.1 million) in total.

In August 2021, BEL signed a contract with the Indian Navy to supply first indigenous, comprehensive Naval Anti Drone System (NADS) with both hard kill and soft kill capabilities.

In June 2021, BEL signed an agreement with the Indian Navy to build emerging technologies in the areas of quantum computing, artificial intelligence and robotics.

In June 2021, BEL, in partnership with Fortum India, TVS Motor Company and JBM Renewables Pvt. Ltd., signed an agreement with Convergence Energy Services Limited (CESL) to collectively carry out the expansion and adoption of the EV ecosystem.

In June 2021, BEL signed a Memorandum of Understanding (MoU) with Jammu Smart City Ltd (JSCL) to assist the model of a techno commercial proposal for design, development, execution, operations and maintenance of the Integrated Command Control Centre (ICCC).

In April 2021, BEL obtained 12 ‘Green Channel Certificates’ for 41 products manufactured at 10 SBUs/units.

In February 2021, BEL signed an agreement with Larsen & Toubro Limited to further strengthen the alliance to boost domestic and export markets for defence products.

In line with the Indian government’s ‘Make in India’ initiative, in February 2021, BEL signed an MoU with Grene Robotics Pvt. Ltd. to build the ‘Autonomous Manpads Data Link System’ (AMDLS).

BEL’s shares gained 12% in two days in November after the management announced measures for double-digit growth, sustainable margins and better order inflow. The announcement also came with quarterly results, indicating strong performance by the company in the medium term.

BEL is well placed to benefit from India’s defence indigenisation initiative. Of the 101 defence equipment items banned for import by the defence ministry, BEL has capabilities to produce 55 items. The company has submitted an expression of interest (EoI) and 23 items are under the advanced stages of indigenisation.

Signed an MoU with BHEL for cooperation on defence and non-defence products/systems to capitalise on emerging domestic and foreign market opportunities.

To build Phase II of the coastal surveillance system or chain of static sensors established for the Indian Coast Guard (ICG), a contract was signed with the Ministry of Defence, Government of India.

BEL and Elettronica SpA (ELT), Italy, signed an MoU for joint development, commercialisation and production of new generation new surveillance systems.

Announced the launch of eight new products at Defexpo 2018 in Chennai.

Laid the foundation for the advanced night vision products factory at Nimmaluru Krishna district in Andhra Pradesh.

Formed a joint venture company (JVC) with Thales Air Systems SA France and Thales India in radar business area.

Inaugurated product support centre at Kalamassery in Kochi Kerala to provide waterfront support for the Southern Naval Command.

Became the first defence PSU to get operational ‘Mini Ratna Category I’ status.

The company's shares were listed in the National Stock Exchange.

Established the central research laboratory at Ghaziabad.

Set up the seventh unit at Kotdwara to manufacture switching equipment.

Established a third unit at Pune to manufacture image converter and image intensifier tubes.

Set up second unit at Ghaziabad to manufacture radars and ‘Tropo’ communication equipment.

Set up facilities to manufacture integrated circuits and hybrid micro circuits.

Started manufacturing transmitting tubes silicon devices and integrated circuits.

Set up a radar manufacturing facility for the Army and in-house R&D.

Started manufacturing communication equipment.

BEL was established at Bengaluru by the Government of India under the Ministry of Defence.