Bangalore, July 24 (ANI): Navratna Defence PSU Bharat Electronics Ltd (BEL) has been chosen as the top Indian company in the electrical and electronic equipment sector in the Dun and Bradstreet ‘India’s Top PSUs awards 2015’.
Chairman and Managing Director of BEL, S.K. Sharma, received the award for BEL along with Anandi Ramalingam, GM (National Marketing), BEL, from R M Malla, the chairman of Smera Ratings Limited, at the awards ceremony held in New Delhi on July 23.
The occasion also marked the launch of the 15th edition of Dun and Bradstreet India’s publication, 'India’s Top PSU Awards 2015’ by Minister of Heavy Industries and Public Enterprises Anant G Geete, who was the chief guest, and Kaushal Sampat, President and Managing Director - India, Dun and Bradstreet.
The Dun and Bradstreet 'India’s Top PSUs awards are an acknowledgement of the critical role that the PSUs play in the development of the Indian economy.
BEL has been at the forefront in providing critical communication, night vision, electronic warfare and radar systems to the Indian defence services ever since its inception post Independence in 1954.
Today, BEL has grown into a multi-product, multi-technology, multi-unit conglomerate which designs and manufactures over 350 products and systems in the area of professional electronics, serving both defence and non-defence sectors.
BEL, India’s leading Defence electronics company, registered a growth of eight percent during 2014-15 as against three percent in 2013-14. The sales turnover for 2014-15 was Rs.6,695 crores (audited) as compared to Rs. 6,174 crores during 2013-14. The Profit Before Tax for 2014-15 was 1,467 crores (audited) as against Rs. 1,175 crores for 2013-14. The Profit After Tax was Rs. 1,167 crores as compared to Rs. 932 crores in 2013-14. Exports registered a growth of 38 percent from US $42 M in 2013-14 to US $58 M in 2014-15. BEL has an order book value of Rs. 21,600 crores as on April 1, 2015. (ANI)