Bharat Electronics has inaugurated its first Representative Office in Vietnam. This Representative Office will aim to promote BEL's exports in areas such as Weapon Systems, Radar Systems, Naval Systems, Military Communication Systems, Electronic Warfare Systems, Combat Management System and Coastal Surveillance System.

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Bharat Electronics announced that the Board of Directors of the Company at its meeting held on 29 May 2018, inter alia, have recommended the final dividend of Rs 0.4 per equity Share (i.e. 40%) , subject to the approval of the shareholders.

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Net profit of Bharat Electronics declined 29.43% to Rs 558.74 crore in the quarter ended March 2018 as against Rs 791.74 crore during the previous quarter ended March 2017. Sales declined 10.62% to Rs 3427.97 crore in the quarter ended March 2018 as against Rs 3835.20 crore during the previous quarter ended March 2017.

For the full year,net profit declined 9.58% to Rs 1399.29 crore in the year ended March 2018 as against Rs 1547.62 crore during the previous year ended March 2017. Sales rose 20.62% to Rs 10006.56 crore in the year ended March 2018 as against Rs 8296.14 crore during the previous year ended March 2017.

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Bharat Electronics has won the coveted All India Management Association (AIMA) Managing India Award for the 'Outstanding PSU of the Year'.

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