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Bharat Electronics (BEL)

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Bharat Electronics (BEL)

  • BEL engages in the aerospace and defence industry.
  • The company’s three key products include radar, communication & C4I systems and electro-optic.
  • The company has five oversees offices and has nine manufacturing units in India.
  • Total income stood at Rs. 141.89 billion (US$ 1.91 billion) in FY21.

Established in 1954, BEL engages in manufacturing of specialised electronic equipment requirements of the Indian Defence Services. BEL produces a wide range of equipment for areas such as defence communication, radars, naval systems, c4i systems, weapon systems, homeland security, telecom & broadcast systems, electronic warfare, tank electronics, electro-optics, professional electronic components and solar photovoltaic systems.

Company Website: www.bel-india.in

BEL – Timeline and Key News

2021

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).
2020 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.
2019 BEL and Elettronica SpA (ELT), Italy, signed an MoU for joint development, commercialisation and production of new generation new surveillance systems.
2018 Announced the launch of eight new products at Defexpo 2018 in Chennai.
2016 Laid the foundation for the advanced night vision products factory at Nimmaluru Krishna district in Andhra Pradesh.
2014 Formed a joint venture company (JVC) with Thales Air Systems SA France and Thales India in radar business area.
2011 Inaugurated product support centre at Kalamassery in Kochi Kerala to provide waterfront support for the Southern Naval Command.
2002 Became the first defence PSU to get operational ‘Mini Ratna Category I’ status.
2000 The company's shares were listed in the National Stock Exchange.
1992 Established the central research laboratory at Ghaziabad.
1986 Set up the seventh unit at Kotdwara to manufacture switching equipment.
1979 Established a third unit at Pune to manufacture image converter and image intensifier tubes.
1974 Set up second unit at Ghaziabad to manufacture radars and ‘Tropo’ communication equipment.
1971 Set up facilities to manufacture integrated circuits and hybrid micro circuits.
1967 Started manufacturing transmitting tubes silicon devices and integrated circuits.
1966 Set up a radar manufacturing facility for the Army and in-house R&D.
1956 Started manufacturing communication equipment.
1954 BEL was established at Bengaluru by the Government of India under the Ministry of Defence.

 

Defence Manufacturing
The Indian government has set the defence production target at US$ 25.00 billion by 2025 (including US$ 5 billion from exports by 2025). The government is taking several initiatives to encourage domestic manufacturing and reduce its external dependen