New Delhi: Navratna defence PSU Bharat Electronics Limited (BEL) has achieved a turnover of Rs 1564.34 crore during the first quarter of FY 2021-22 against a turnover of Rs 1639.63 crore recorded in the corresponding period of the previous year.
In a statement posted on the website of the public sector entity, BEL has stated that profit before tax (PBT) during the first quarter of FY 2021-22 stood at Rs 15.17 crore against the profit before tax of Rs 76.24 crore recorded in the corresponding period of the previous year.
Profit after tax (PAT) during the first quarter of FY 2021-22 stood at Rs 11.15 crore against the PAT of Rs 54.13 crore recorded in the corresponding period of the previous year. The order book position of the company as on July 1, 2021 stood at Rs.54489 crore.
Starting from a single Unit in Jalahalli, Bengaluru, BEL has established its presence across the country by setting up eight other Units – in Ghaziabad, Pune, Machilipatnam, Panchkula, Kotdwara, Navi Mumbai, Chennai and Hyderabad. Each Unit has a specific product mix and customer focus. BEL has also set up a wide network of offices and service centres countrywide as well as two overseas offices – at New York and Singapore.
BEL was established to meet the specialized electronic equipment requirements of the Indian Defence Services. While this continues to be its prime focus, the Company has a significant presence in the civilian market, too. BEL exports some of its products and services to a number of countries as well.
BEL is not only a successful business story but also an organization which cares for people and society. Even before the term ‘Corporate Social Responsibility’ gained currency, BEL has undertaken innumerable CSR activities and continues to do them with a lot of passion and commitment. BEL has set up educational institutions, including a special school for the mentally challenged.
It has also set up hospitals, fine arts clubs and sports facilities. These and other welfare initiatives ensure a good quality of life for employees and their dependents. Some of these facilities also serve the local community. BEL is currently concentrating on promoting education, sanitation, health care, rural development, employment and enhancing vocational skills, while ensuring environmental sustainability. /BI Bureau/
