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Bharat Electronics Ltd.

Bharat Electronics Ltd Empowering the Nation’s Defence Forces

Performance Highlights 2014-15

Jun 03, 2015   14:46 IST 







Turnover (Rs.Cr)



Profit Before Tax (Rs.Cr)



Profit After Tax (Rs.Cr)



Export (US $ Million)



Turnover Per Employee (Rs.Lakh)



Value added per employee (Rs.Lakh)



Order Book Value (Rs.Cr)


(as on 1.4.2014)


(as on 1.4.2015)

Expenditure on R&D

7.56% of turnover

(467 Crs)

8.20% of turnover

(549 Crs)



Some of the significant orders executed during the year include supply of the following products/systems:

  • Akash Weapon System

  • Passive Night Vision Devices

  • 3-D Tactical Control Radar    

  • Missile Warning System

  • Schilka Gun Tank Upgrade

  • Laser Range Finder

  • Hull Mounted Sonar to Myanmar

  • Shipborne EW System (Sanket) to Navy, Garden Reach Shipbuilders & Engineers Ltd

  • Fire Control System - LYNX











The following projects merit special attention:

3-D Tactical Control Radar: It is a state-of-art, medium-range surveillance & tracking radar designed to effectively play the role of medium range surveillance radar mounted on a mobile platform. The radar operates in S-band and is capable of Track-While-Scan of airborne targets up to 90 kms.


Schilka Gun Tank Upgrade: Schilka Upgrade is an all-weather, self-propelled, tracked, low-level Air Defence Weapon System against attacking aircraft and helicopters. The Analog Radar system has been upgraded to state-of-the-art Search-cum-Track Digital Radar with electro optical fire control system. The system is capable of firing aerial targets while on the move.


Hull Mounted Sonar to Myanmar: The sonar is used for detecting, localising and tracking surface and sub-surface targets in both active and passive modes. The sonar is designed to meet the naval requirements of Myanmar. It was developed jointly with NPOL.


SANKET Mk - III: It is a ship-borne ESM system capable of detecting low probability of Intercept Radars with high probability of intercept. The system is wide band, frequency and parameters.



Some of the new products/systems introduced during the year are:

  • Schilka Air Defence Weapon System for Army

  • Software Defined Radio for Navy 

  • Communication Network (Link II MOD III) for Navy

  • Export Version of Unit Level Switch Board (ULSB) Mk III 

  • Tactical Satellite Terminal for Akash Army

  • Advanced Composite Communication System (Bharati) for Navy

  • Ship Data Network (SDN) for P16A ship

  • Simulator for Akash Missile System for Army (Vehicle/Classroom Versions)

  • Secured Phone (CDMA)











A closer look at some of the new products:

Export Version of Unit Level Switch Board (ULSB) Mk III: It is an automatic telephone exchange designed to meet the communication requirements of the Army at unit level; it employs TDM Switching concept and it is of non–blocking type.  


Software Defined Radio for Navy: It is a Multi-band, Multi-channel in HF and V/UHF frequency bands with inbuilt Highest Grade Secrecy and Electronic Counter-Counter Measure feature supporting ship, ground and air operations. The radio is JSS 55555 & MIL 461 E compliant.  


Advanced Composite Communication System (Bharati) for Navy: Advanced Composite Communication System (ACCS) is a fourth generation voice and data integrated system for fulfilling the external communication needs of modern submarines in VLF/HF/V/UHF frequency bands.


Simulator for Akash Missile System (Army): This simulator is developed for training Army personnel on the usage of operational sequence of Akash Weapon System. Two Versions — vehicle version and classroom version, have been developed.


Secured Phone (CDMA): Secured Phone without camera is designed as per the Army’s requirement for making secure calls and sending text messages.   



During the year 2014-15, the Company received orders around Rs.5,130 crores. Significant among the high value orders include:

  • L 70 Gun Upgrade

  • Shakti COMINT Shipborne EW system

  • Mobile Communication Terminal

  • Hull Mounted Sonar for P15B

  • Advanced Composite Communication

  • Combat Management System for P15 & P16 Alpha

  • Radio Relay Frequency

  • Coastal Surveillance System (Maldives)











  • BEL registered a growth of 8% during 2014-15 as against 3% in 2013-14.

  • Exports registered a growth of 38%.  

  • BEL has an order book of around Rs.21,600 crores as on April 1, 2015.  

  • Turnover from indigenous technology was around 80%.

  • Turnover from Defence was 87%.

  • ‘Excellent’ MoU rating for 2013-14

  • 115 projects initiated through collaborative R&D with an outlay of Rs.120 crores  

  • The R&D investment was around 7.6% (Rs.510 crores) of the turnover.

  • The Coastal Surveillance Radar Station installed by BEL at Victoria, Seychelles, was inaugurated by the Hon’ble Prime Minister, Shri Narendra Modi on March 11, 2015. BEL has signed an agreement with the Government of Seychelles and the Ministry of External Affairs, India, for the supply, installation and commissioning of Coastal Surveillance Radar System in six locations at Seychelles in order to provide maritime security to the island-nation.

  • BEL & THALES have formed a Joint Venture in India. The JV Company will focus on the design, development, marketing, supply and support of civilian and select defence radars for India and the global markets. The first Board meeting of BEL-THALES Systems Limited took place on September 26, 2014. BEL holds a 74% stake while Thales holds 26% of the equity in the JV Company.

  • BEL handed over the first Upgraded Schilka Weapon System to the Indian Army on November 25, 2014. Schilka Upgrade is an all-weather, self-propelled, tracked, low-level Air Defence Weapon System.

  • INS Kamorta, the first of four anti-submarine stealth corvettes, fitted with state-of-the-art equipment from BEL and built indigenously for the Indian Navy by Garden Reach Shipbuilders & Engineers Ltd, was commissioned by Mr Arun Jaitley, Raksha Mantri, at the Visakhapatnam Naval Dockyard on August 23, 2014.

  • INS Sumitra, the fourth Naval offshore patrol vessel, built indigenously for the Indian Navy by Goa Shipyard Limited (GSL) and armed with state-of-the-art equipment from BEL, was commissioned by Admiral R K Dhowan, Chief of Naval Staff, at Chennai port on September 4, 2014.

  • The Electoral Commission of Namibia conducted the Presidential and National elections in Namibia in November 2014 using Electronic Voting Machines made by BEL. Namibia became the first African nation to embrace electronic voting.

  • BEL dedicated the National Command Control Communication and Intelligence Network (NC3I) to the nation. The Information Management and Analysis Centre (IMAC) of NC3I was commissioned by Shri Manohar Parrikar, Raksha Mantri, on November 23, 2014, heralding a new era in the arena of Coastal Security.

  • BEL completed the firing trials of Akash Air Defence System successfully at the Integrated Test Range, Balasore, Odisha, from November 17 to 22, 2014.

  • The Defence Minister, Shri Manohar Parrikar (on January 17, 2015), laid the foundation stone for the BEL Training Academy. The Academy will organise programmes for building the technical and behavioural competencies of BEL officers.  

  • The Hon’ble Vice President of India, Shri M Hamid Ansari, inaugurated the modernised BEL Software Technology Centre of BEL-Bengaluru on January 7, 2015.

  • The foundation for a Product Development & Innovation Centre was laid in BEL-Bengaluru. The Centre will design, develop, prototype and generate manufacturing documents for systems and sub-systems which can be marketed as standalone products or used in the development of larger systems or system-of-systems.

  • BEL paid Dividend of 233% for 2013-14. BEL paid 60% per cent Interim Dividend to its shareholders for 2014-15. This is the 11th consecutive year that BEL is paying Interim Dividend. The cheque for Interim Dividend of Rs. 36.095 crores (Rupees thirty six crore ninety five thousand one hundred fifty four only) was handed over to the Defence Minister, Shri Manohar Parrikar, at New Delhi on March 18, 2015.

  • In response to the Prime Minister’s call for a clean India, the ‘Swachh Bharat’ campaign was launched in BEL.

  • The Information Systems Division of BEL-Bengaluru has been certified for ISO 27001 (Information Security Management Systems) by Bureau Veritas.

  • The modernised production and D&E complex of Electronic Warfare & Avionics Strategic Business Unit at BEL-Bengaluru was inaugurated by Air Chief Marshal Arup Raha, Chief of Air Staff, on May 16, 2014.

  • BEL has handed over its 3D Tactical Control Radar (TCR), a state-of-the-art medium-range air surveillance and tracking radar, to the Indian Army on March 31, 2014.



  • BEL achieved the highest ever export sales of US $57.85 Million in 2014-15, registering a growth of 37.7% over the previous year’s export turnover of US $42 Million. The targeted export sales for the year 2015-16 is US $65 Million.

  • The range of products exported during 2014-15 includes Hull Mounted Sonar (HMS-X), Naval Surveillance Radar (RAWL 02 Mk IIA), Unit Level Switch Board (ULSB Mk III), Electronic Voting Machine, Hand Held Radios, Radar Warning Receiver, CoMPASS, Radar Finger Printing System and Electro-Mechanical parts.

  • The countries to which BEL exported include Myanmar, Sri Lanka, Namibia, Russia, Israel and USA.

  • BEL has an export order book of US $ 200 Million as on April 1, 2015. This includes an Offset order book of US $ 45 Million.

  • BEL is interacting with major foreign companies for possible Offset business opportunities arising out of RFPs issued by the Ministry of Defence. BEL has already signed MoUs with these companies.

  • BEL received the Government of Karnataka’s ‘State Export Excellence Award’ for the year 2013-14 in the Electronics & Communications (excluding IT/BT & ITES sector) Medium/Large Industries sector on March 18, 2015. BEL received the award for executing exports worth US $42 Million in the year 2013-14.  





To ensure sustained performance and growth, the Company has undertaken the following initiatives:


Strategic alliances for emerging businesses through co-development, co-production and production ToT: The Company is working in many strategic areas such as Next Generation Electronic Warfare Suites, Air Defence Systems, Tactical Communication Systems, Battlefield Management Systems, Passive Night Vision Devices and Multi-sensor Stabilisation Systems. The major new initiatives undertaken in the year 2014-15 are Long Term Evolution (LTE)-based Military Networking solutions, Directed Energy Weapons, Electronics Systems for Futuristic Infantry Combat Vehicle (FICV), Missile Containers, Training Simulators and Smart City Elements.


The Company has entered into many strategic alliances for addressing the emerging opportunities in these areas with Defence laboratories, Ordnance Factory Board and other reputed global OEMs. These include Surface-to-Air (SAM) systems, Air Defence Radars, Battlefield Management System, Sonar Systems, Next Generation Night Vision Devices, Gun upgrades/new gun programmes, Inertial Navigation Systems, Medium-Altitude Long-Endurance Unmanned Aerial Vehicles (UAVs) and maintenance of Aerostat Surveillance and Communication systems.


Emphasis on in-house R&D: In the changing business environment, indigenous development of Defence products would be of paramount importance. Reinforcing in-house R&D as well as co-development would be the key to enhancement of business. BEL has taken several steps to enhance in-house R&D.


Thrust on exports and offsets: BEL is focusing on opportunities in the areas of Offset obligations of vendors in various RFPs of the Ministry of Defence. The focus is on ‘Build to Print’, ‘Build to Spec’ and ‘Buyer Nominated Equipment’. BEL has signed MoUs with many foreign companies and is working with major Aerospace and Defence companies to establish long-term supply chain relationships. BEL is also pursuing possibilities to export products and systems to friendly countries with the approval of MoD. Currently, the Coastal Surveillance System and Electronic Voting Machines are being promoted to South East Asian, Middle East and African countries.

Diversification/expansion plans: In the last 5 years, the Company has done Non-defence business of about 17% of the overall business and has plans to increase its Non-defence share in the overall business in the coming years.


The Company is putting in efforts to enter new areas in Defence and Non-Defence for expanding its business. SAM systems, Electronic Ammunition Fuses, Satcom Terminals, LTE, Gigabit Passive Optical Network, Routing & Switching products are some of the areas being attempted in Defence. In the non-Defence domain, opportunities related to critical infrastructure protection, Air Traffic Management Radars, Intelligent Traffic Management Systems, Solar Power Plants and Smart City Elements are being focused.


BEL is planning to set up a Rs.500-crore Greenfield Weapon Systems facility in Andhra Pradesh. The new facility will focus on the design, development and production of all kinds of weapon systems such as fire control, missile systems and other weapon upgrade programs and the plant is expected to be ready in two years.


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BEL CMD Shri S K Sharma addressing Press Conference
BEL CMD Shri S K Sharma addressing Press Conference
Akash Weapon System
Akash Weapon System
Hull Mounted Sonar for Myanmar

Hull Mounted Sonar for Myanmar
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