BEL rings in record turnover of Rs. 23,000 crore in FY 2024-25

Bengaluru: Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a turnover of around Rs. 23,000 crore (Provisional and Unaudited), during the Financial Year 2024-25, against the previous year’s turnover of Rs. 19,820 crore, registering a growth of 16 percent.

This includes export sales of around US$ 106 million during FY 2024-25, as against the previous year’s export turnover of US$ 92.98 million, registering a growth of 14 percent.

In the fiscal year 2024-25, BEL secured orders worth Rs.18,715 crore. Some of the major orders received during the year are BMP II Upgrade, Ashwini Radar, Software Defined Radios, Data link, Multi-Function Radars, EON 51, Seekers, Anti Drone System, Airport Surveillance Radar, Sonar Upgradation, Flycatcher spares, Radar upgradation, Spares and Services, and other projects in the non-defence sector.

With this, the total order book of BEL as on April 1, 2025, stands at around Rs. 71,650 crore including export order book of USD 359 million.

Manoj Jain, Chairman and Managing Director, BEL, said: “BEL strives to attain self-reliance through enhanced indigenisation efforts, expansion and modernisation, outsourcing to Indian Industries including MSMEs and start-ups. BEL has rolled out strategies to maximise its global outreach and footprint in international market segments in the coming years. All these efforts will help BEL retain its market leadership position in the strategic electronics sector.”