Bharat Electronics Limited | Business Upturn

BEL secures additional orders worth over ₹500 crores

Aditya Bhagchandani — Mon, 07 Oct 2024 11:32:15 +0000

Bharat Electronics Limited (BEL), a leading Navratna Defence Public Sector Undertaking, has announced the acquisition of new orders worth over ₹500 crores. These additions have significantly boosted its current financial year order book, which now stands at ₹7,689 crores.

The latest orders include EMI shelters, annual maintenance contracts (AMC) for Integrated Air Command and Control system nodes, spares for various radar systems, and upgrades for gun systems. The contracts also cover supply and maintenance of communication and electronic warfare systems. These strategic orders showcase BEL’s continued growth in delivering advanced technology and services to India’s defense sector.

The company’s growing order book demonstrates BEL’s strong presence and capabilities in defense and aerospace sectors. The increase in orders reflects its ability to meet the evolving needs of defense modernization, focusing on enhancing command and control systems, radars, and communications.

Earlier in the year, BEL secured several major orders that added to its strong performance, which included a mix of defense, aerospace, and civilian projects, ranging from advanced radar systems, network-centric warfare systems, electronic voting machines (EVMs), and other cutting-edge technologies. This latest acquisition further cements its position as a critical contributor to India’s defense infrastructure and technological advancement.

Bharat Electronics Secures Rs 2,167.5 Crore Order from Indian Navy for Electronic Warfare Suite

Vaibhav Agrawal — Tue, 13 Feb 2024 13:08:28 +0000

Bharat Electronics Ltd. (BEL), a Navaratna company, has clinched a significant order valued at Rs 2,167.5 crore from the Indian Navy for the supply of an advanced electronic warfare suite designed for deployment on-board warships. This milestone contract underscores BEL’s prowess in delivering cutting-edge indigenous technology solutions and reinforces its commitment to the Aatmanirbhar Bharat initiative.

In an exchange filing made on Tuesday, BEL announced its successful bid to supply state-of-the-art electronic warfare suites tailored for naval applications. This suite represents a significant advancement in indigenous defense capabilities and is poised to enhance the operational readiness and effectiveness of Indian Navy warships.

The electronic warfare suite, conceptualized and developed domestically, epitomizes BEL’s dedication to fostering self-reliance and innovation within India’s defense ecosystem. The company’s steadfast commitment to advancing the Aatmanirbhar Bharat vision is exemplified by this strategic endeavor.

Additionally, since its previous disclosure on January 30, BEL has garnered supplementary orders amounting to Rs 114.6 crore, further consolidating its position as a leading provider of cutting-edge defense electronics solutions. With this recent order win, the cumulative orders secured by the company in the current fiscal year stand at an impressive Rs 30,776.06 crore, underscoring its robust performance and market leadership.

Shares of BEL closed 1.06% higher at Rs 176.45 apiece, outpacing the benchmark BSE Sensex’s 0.68% advance. Over the past 12 months, BEL’s stock has witnessed a remarkable ascent, registering an 86.5% increase, reflecting investor confidence in the company’s growth trajectory and its pivotal role in advancing India’s defense capabilities.

As BEL continues to leverage its technological prowess and domain expertise to deliver cutting-edge solutions for the nation’s defense requirements, it reaffirms its commitment to bolstering India’s strategic autonomy and self-sufficiency in defense production. This latest order win underscores BEL’s unwavering dedication to excellence and innovation in serving the needs of the Indian Armed Forces.

Bharat Electronics Ltd Q2 surpasses expectations with strong profit growth

Mahita Jain — Sat, 28 Oct 2023 13:42:07 +0000

Bharat Electronics Ltd (BEL), a government-owned aerospace and defense electronics company, recently announced its unaudited financial results for the second quarter, outperforming market estimates and further solidifying its position as a key player in the aerospace and defense sector.BEL’s board of directors convened to consider and approve these results, revealing significant achievements in various financial metrics. The state-owned defense company reported a standalone net profit of ₹812.34 crore for Q2FY24, showcasing a substantial year-on-year (YoY) increase of 32.9%. In contrast, during the same period in the previous fiscal year (Q2FY23), BEL had reported a net profit of ₹611.05 crore.

Importantly, BEL also demonstrated sequential growth in net profit. In the April to June 2023 quarter, the company’s net profit stood at ₹530.84 crore, suggesting that BEL has experienced growth both sequentially and YoY.During the first half of fiscal year 2023-24, BEL reported a standalone net profit of ₹1,343.18 crore, marking a robust 28.83% increase compared to the net profit of ₹1,042.54 crore in H1FY2023-24. This steady and significant growth in net profit is a testament to BEL’s financial stability and resilience.Moreover, BEL’s total income for the July to September 2023 quarter reached ₹4,163.83 crore, compared to ₹4,020.84 crore in Q2FY23. This reflects a 3.55% YoY increase in total income, indicating sustained financial growth and solid business performance.For the first six months of the fiscal year, the company’s total income stood at ₹7,816.33 crore, marking a 7.17% increase compared to its total income of ₹7,293.36 crore in H1FY23. This indicates that BEL has been successful in expanding its revenue and maintaining a healthy financial outlook.

The company’s EBIDTA (Earnings Before Interest, Depreciation, Taxes, and Amortization) or depreciation and amortization expenses were reported at ₹1,004.3 crore in the July to September 2023 quarter. This figure compares favorably to the ₹1,012.7 crore recorded in the April to June 2023 quarter and the ₹1,041.9 crore in Q2FY23. This reflects the company’s prudent financial management and cost control measures.

However, it is noteworthy that in the second quarter of the current fiscal year, the company’s revenue came in at ₹3,993.3 crore, which fell slightly below market estimates. The market had expected the total revenue of the company to be around ₹4,600 crore. While the revenue figures did not reach market expectations, BEL’s strong profitability and income growth indicate that the company continues to perform well and generate solid financial results.

Defence Ministry clears arms acquisition proposal worth ₹7,965 crores

Ayisha Farah — Tue, 02 Nov 2021 13:48:45 +0000

According to an official statement, the Defence Ministry authorised the acquisition of arms and military equipment worth Rs 7,965-crore, including 12 light utility helicopters from Hindustan Aeronautics Limited.

The acquisition proposals were confirmed at a meeting of the Defence Acquisition Council (DAC), the ministry’s highest decision-making body on the matter. Besides receiving the offer to buy 12 helicopters, the DAC passed the Lynx U2 naval gunfire control system from Bharat Electronics Limited to improve naval warships’ tracking and engagement abilities, the ministry’s statement said.

On Tuesday, The DAC also signed “mid-life upgradation of Dornier aircraft” by Hindustan Aeronautics Limited to enhance the naval capacity of maritime surveillance and coastal monitoring, it stated.

“As a further impetus to ‘Aatmanirbhar Bharat’ (self-reliant India), a global procurement case of naval guns has been foreclosed with these guns’ quantity added to the upgraded super rapid gun mount (SRGM) being manufactured by Bharat Heavy Electricals Limited (BHEL),” it noted. These SRGMs contribute niche abilities to engage quick manoeuvring targets using controlled munitions and range extensions and are to be implemented on the warships of the Indian Navy, the statement said.

“The Defence Acquisition Council (DAC), in its meeting of November 2, 2021, held under the chairmanship of Raksha Mantri Rajnath Singh, accorded Acceptance of Necessity for capital acquisition proposals for modernisation and operational needs of the armed forces amounting to Rs 7,965 crore,” it noted.

According to the statement, all these projects are under ‘Make in India’, focusing on the country’s design, development, and manufacturing.
The military equipment is obtained when the Indian armed forces are locked in a bitter border row with China in eastern Ladakh.

Top 25 workplaces in India: Here’s a chance to grow your career, Check out rank list!

Shreejit Shelar — Thu, 29 Apr 2021 18:22:42 +0000

The work-from-home pattern has proven to be the only temporary option as the world continues to witness the presence of Coronavirus. However, it is an excellent opportunity to reconsider career options for many.

While searching for good workplaces might be a bit difficult, professional networking site LinkedIn has got you covered.

The American business and employment-oriented online service on April 28, released a list of the top 25 best workplaces to grow your career in India. The list was methodology generated through LinkedIn data to rank companies based on seven pillars that have been shown to lead to career progression.

These include the ability to advance, skills growth, company stability, external opportunity, company affinity, gender diversity and educational background.

Here is the list of companies you might want to consider:

Rank 25: National Thermal Power Corpn. LTD.

NTPC Headcount in India: 18,936 | Top India locations: Noida Area, New Delhi Area, Vishakhapatnam Area | Most common skills: C (Programming Language), C++, Commissioning | In-demand jobs: Operations, Engineering, Business Development

Rank 24: Flipkart

Flipkart Headcount in India: 12,000 | Top India locations: Bengaluru Area, New Delhi Area, Mumbai Area | Most common skills: Supply Chain Management, Vendor Management, Operations Management | In-demand jobs: Business Development, Operations, Information Technology

Rank 23: Axis Bank

Axis Bank Headcount in India: 72,000 | Top India locations: Mumbai Area, New Delhi Area, Kolkata Area | Most common skills: Retail Banking, Sales Management, Management Information Systems (MIS) | In-demand jobs: Finance, Sales, Business Development (Image: Reuters)

Rank 22: Siemens

Siemens Headcount in India: 9437 | Top India locations: Bengaluru Area, Mumbai Area, New Delhi Area | Most common skills: Software Development, C++ | In-demand jobs: Engineering, Information Technology, Business Development

Rank 21: Oil & Natural Gas Corporation

Oil & Natural Gas Corporation Headcount in India: 28,500 | Top India locations: Mumbai Area, Ahmedabad Area, New Delhi Area | Most common skills: C (Programming Language), C++ | In-demand jobs: Engineering, Operations, Research

Rank 20: JP Morgan Chase & Co.

JP Morgan Chase & Co. Headcount in India: 34,000 | Top India locations: Mumbai Area, Bengaluru Area, Hyderabad Area | Most common skills: Business Analysis, Banking, SQL | In-demand jobs: Information Technology, Engineering, Operations

Rank 19: Bharat Heavy Electricals Limited

Bharat Heavy Electricals Limited Headcount in India: 33,752 | Top India locations: Hyderabad Area, Tiruchchirappalli Area, Bhopal Area | Most common skills: Manufacturing, C (Programming Language) | In-demand jobs: Engineering, Operations, Business Development

Rank 18: Aditya Birla Group

Aditya Birla Group Headcount in India: 100,000 | Top India locations: Mumbai Area, New Delhi Area, Bengaluru Area | Most common skills: Sales Management, Vendor Management, Customer Relationship Management (CRM) | In-demand jobs: Sales, Operations, Engineering

Rank 17: HCL Technologies

HCL Technologies Headcount in India: 1,68,977 | Top India locations: Chennai Area, New Delhi Area, Bengaluru Area | Most common skills: SQL, Software Development, Requirements Analysis | In-demand jobs: Engineering, Information Technology, Business Development

Rank 16: Bharat Electronics Limited

Bharat Electronics Limited Headcount in India: 33,752 | Top India locations: Bengaluru Area, New Delhi Area, Chandigarh Area | Most common skills: C (Programming Language), C++, Java | In-demand jobs: Engineering, Operations, Research

Rank 15: Hindustan Aeronautics Limited

Hindustan Aeronautics Limited Headcount in India: 29,668 | Top India locations: Bengaluru Area, Nasik Area, Hyderabad Area | Most common skills: Aviation, Manufacturing, Aerospace | In-demand jobs: Engineering, Operations, Arts and Design

Rank 14: ICICI Bank

ICICI Bank Headcount in India: 97,350 | Top India locations: Mumbai Area, New Delhi Area, Hyderabad Area | Most common skill: Sales Management, Retail Banking, Management Information Systems (MIS) | In-demand jobs: Finance, Sales, Support

Rank 13: IBMGlobal

IBMGlobal Headcount in India: 350,000 | Top India locations: Bengaluru Area, Hyderabad Area, New Delhi Area | Most common skills: SQL, Requirements Analysis Business Analysis | In-demand jobs: Information Technology, Engineering, Program and Project Management

Rank 12: Reliance Industries Limited

Reliance Industries Limited Headcount in India: 26,488 | Top India locations: Mumbai Area, Jamnagar Area, New Delhi Area | Most common skills: Vendor Management, Commissioning, Operations Management | In-demand jobs: Operations, Engineering, Sales

Rank 11: Capgemini

Capgemini Headcount in India: 125,000 | Top India locations: Bengaluru Area, Mumbai Area, Hyderabad Area | Most common skills: SQL, Requirements Analysis, Java | In-demand jobs: Consulting, Engineering, Information Technology

Rank 10: HDFC Bank

HDFC Bank Headcount in India: 116,970 | Top India locations: Mumbai Area, New Delhi Area, Bengaluru Area | Most common skills: Sales Management, Retail Banking, Customer Relationship Management (CRM) | In-demand jobs: Sales, Finance, Business Development

Rank 9: Amazon

Amazon Headcount in India: 100,000 | Top India locations: Bengaluru Area, Hyderabad Area, Chennai Area, India | Most common skills: Java, SQL, C (Programming Language) | In-demand jobs: Engineering, Operations, Information Technology

Rank 8: Wipro

Wipro Headcount in India: 156,480 | Top India locations: Bengaluru Area, Chennai Area, Hyderabad Area | Most common skills: SQL, Requirements Analysis, Software Development | In-demand jobs: Engineering, Information Technology, Business Development

Rank 7: EYGlobal

EYGlobal Headcount in India: 284,000 | Top India locations: Bengaluru Area, New Delhi Area, Mumbai Area | Most common skills: Financial Analysis, Accounting, Business Analysis | In-demand jobs: Consulting, Accounting, Business Development

Rank 6: Deloitte

Deloitte Headcount in India: 12,000 | Top India locations: Hyderabad Area, Bengaluru Area, Mumbai Area | Most common skills: Business Analysis, SQL, Financial Analysis | In-demand jobs: Consulting, Business Development, Accounting

Rank 5: Infosys

Infosys Headcount in India: 158,020 | Top India locations: Bengaluru Area, Hyderabad Area, Chennai Area | Most common skills: SQL, Java, Requirements Analysis | In-demand jobs: Information Technology, Engineering, Consulting

Rank 4: Larsen & Toubro

Larsen & Toubro Headcount in India: 52,000 | Top India locations: Mumbai Area, Chennai Area, Bengaluru Area | Most common skills: AutoCAD, SQL, C (Programming Language) | In-demand jobs: Engineering, Operations, Information Technology

Rank 3: Accenture Global

Accenture Global headcount: 537,000 | Top India locations: Bengaluru Area, Mumbai Area, Hyderabad Area | Most common skills: SQL, Software Development, Java | In-demand jobs: Engineering, Information Technology, Business Development

Rank 2: Cognizant

Cognizant Headcount in India: 204,500 | Top India locations: Chennai Area, Bengaluru Area, Hyderabad Area | Most common skills: SQL, Programming, Java | In-demand jobs: Engineering, Information Technology, Business Development

Rank 1: Tata Consultancy Services

Tata Consultancy Services Headcount in India: 469,000 | Top India locations: Chennai Area, Bengaluru Area, Mumbai Area | Most common skills: SQL, Java, Requirements Analysis | In-demand jobs: Information Technology, Engineering, Consulting