Bharat Electronics has achieved a turnover of about Rs 13,500 crore (provisional and unaudited) during FY 2020-21, against previous year's turnover of Rs.12,608 crore in spite of the challenges posed by COVID19 Pandemic & intense competition in business.

The company's order Book as on 1 April 2021 is around Rs.53,000 crore. In the year 2020-21, BEL secured significant orders worth Rs. 15,000 crore. Some of the major orders acquired during the year are ICU Ventilators, Software Defined Radios & Communication equipment, Various types of Radars, Sonars, Torpedo Decoy Systems, ElectronicWarfare Systems, Networking & Encryption products, and smart cities etc.

Some of the flagship projects executed during FY 2020-21 are ICU Ventilators,Missile Systems (Akash & LRSAM), Gun Upgrades, Various Radars, Various Sonars,Command & Control Systems, Electro-optic systems, Communication & Encryptionproducts, EW Systems, Coastal Surveillance System, Electronic Fuzes, Home LandSecurity & Smart City Projects, KFON, Avionics Package for LCA etc.

BEL achieved Export sales of around US$ 50 Million during FY 2020-21. Majorproducts exported include Coastal Surveillance System, Trans-Receive (TR) Modules,Bharati Radio, Identification of Friend or Foe-Interrogator (IFFI), Electro-OpticSystem Compact Multi-Purpose Advanced Stabilization System (EOS CoMPASS),Electro-Mechanical parts, Radar Finger Printing System (RFPS), Low Band Receivers(LBREC), Spares for Radars etc.

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BEL's order book as on 1 April 2021 is around Rs 53,000 crore. In the year 2020-21, the company secured significant orders worth Rs 15,000 crore. The company achieved export sales of around $50 million during FY 2020-21.

BEL's chairman & managing director M V Gowtama said: BEL will continue its efforts in becoming self-reliant through enhanced focus on indigenization, outsourcing to domestic industry with more thrust on MSME & GeM procurement and thus minimizing import dependency. The company is poised to explore & tap new growth areas and new business avenues through continuous diversification, enhancement of capabilities & competitiveness, modernization etc.

BEL has forayed into new potential business segments viz., healthcare solutions, network & cyber security, space electronics, energy storage systems, software etc., and is confident of making significant headway in these segments in the years to come.

BEL is a state-owned aerospace and defense company with about nine factories, and several regional offices in India. It primarily manufactures advanced electronic products for the Indian Armed Forces. The Government of India held 51.14% stake in BEL as on 31 December 2020.

The scrip rose 0.72% to Rs 126 on the BSE. It traded in the range of 124.35 and 126.95 so far during the day.

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Bharat Electronics will pay second interim dividend of Rs 1.40 per share for FY 2021 on 30 March 2021.

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Bharat Electronics announced that the Board of Directors of the Company at its meeting held on 16 March 2021, has recommended a Second Interim dividend of Rs.1.40 per share (i.e.140%), subject to the approval of the shareholders.

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