Bharat Electronics targets Rs 20,300 crore turnover for FY24

08 Aug 2023 Evaluate

Bharat Electronics (BEL) has set a target of Rs 20,300 crore turnover for financial year 2023-24 as demand for indigenous products is driving growth for the company. BEL achieved a turnover of about Rs 17,300 crore in the previous financial year, a 15 per cent growth. The Bengaluru-headquartered company has plans to start marketing offices in Brazil, Armenia and Kazakhstan.

In order to increase indigenisation and value addition, BEL, a technology-oriented company, has been investing approximately six to seven per cent of its turnover in research and development. Constant efforts in indigenous development have led to achieving about 70 to 80 per cent of turnover from indigenous products.

BEL is a multi-product, multi-technology, multi-unit conglomerate with various products in the areas of military 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.


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290.30 -0.60 (-0.21%)
23-Dec-2024 09:48 View Price Chart
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