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BEL sets 
33 bn revenue target
Wednesday, 14 April 2004, 19:30 IST
BANGALORE: India's state-owned electronics major Bharat Electronics Ltd. (BEL) has set an ambitious revenue target of 
33 billion for the fiscal 2004-05 following fresh orders from the defence and civilian sectors.
With this target, the Bangalore-based defence public sector undertaking posted a 15 percent jump over its 27.9 billion revenue of 2003-04.
"We have bagged the first commercial order for supply of battlefield surveillance radar - short range (BFSR-SR) from the Indian Army, valued at 5.5 billion," BEL chairman Y. Gopala Rao said here Monday.
"The BFSR-SR is a world-class product and superior to similar radars from overseas manufacturers. We have received export enquiries from a few countries for the indigenous radar."
The army evaluated BEL's handheld radio for use by its forces in field operations. To be operated in the UHF band, the VPS Mk III set has built-in encryption capability.
On the export front, BEL has bagged orders for vacuum interrupter tubes used in electric switchgears from Malaysia. Being a major thrust area, BEL has taken up aggressive marketing activity in Southeast Asia, the SAARC region and a few African countries to boost its export revenues.
"We have set a modest export target of $8.8 million for 2005 based on the current orders. However, we hope to exceed the export revenue of $9.23 million achieved in 2004 by securing additional orders from defence and civilian sectors during the current fiscal," Rao told reporters.
Though the provisional order position as on April 1, 2004, is 66.5 billion, including the spill over from 2003-2004 and orders spread over the next three years, the company has already secured firm orders to the tune of 24 billion for 2005.
The company's revenue share from the defence sector is likely to go up to 80 percent in 2004-2005 from 77 percent in the last fiscal. The balance 20 percent will be generated from the sale of its civilian product range.
During 2003-04, the company exported defence equipment and spares to Egypt, Switzerland, Israel and Indonesia, besides civilian products to Malaysia and Azerbaijan. It also undertook contract manufacturing for the US in gems and batteries.
"We are looking forward to bag a substantial order from the US for our electronic voting machines (EVMs), customised to meet the requirements of the presidential elections due later this year," Rao said.
"After the general election in India, we will be aggressively promoting our EVMs to other countries with suitable modifications to tap their export potential."
BEL has delivered about 60,000 EVMs to the Election Commission by March 31 in conformity with the latter's order placed in January. During 2004, the company supplied a record 231,000 EVMs to the poll body, accounting for nine percent of its total revenue.
In the civilian segment, the company is aiming at a sale of about 50,000 Simputers, the indigenous hand-held computer, during the current fiscal.
The innovative product was commercially launched this month and till date, BEL has sold about 450 of them. Simputer is designed and developed by the Bangalore-based Pico Peta Simputers Ltd.
Internet and telecom service providers such as Sify, Reliance and BSNL have already approached the company for a tie-up to provide mobile computing through the web.
The public listed company achieved a profit before tax of 4.46 billion and net profit of 3.01 billion for 2004 as against 3.86 billion and 2.75 billion respectively in the last fiscal.
Source: IANS
33 billion for the fiscal 2004-05 following fresh orders from the defence and civilian sectors.
With this target, the Bangalore-based defence public sector undertaking posted a 15 percent jump over its 27.9 billion revenue of 2003-04.
"We have bagged the first commercial order for supply of battlefield surveillance radar - short range (BFSR-SR) from the Indian Army, valued at 5.5 billion," BEL chairman Y. Gopala Rao said here Monday.
"The BFSR-SR is a world-class product and superior to similar radars from overseas manufacturers. We have received export enquiries from a few countries for the indigenous radar."
The army evaluated BEL's handheld radio for use by its forces in field operations. To be operated in the UHF band, the VPS Mk III set has built-in encryption capability.
On the export front, BEL has bagged orders for vacuum interrupter tubes used in electric switchgears from Malaysia. Being a major thrust area, BEL has taken up aggressive marketing activity in Southeast Asia, the SAARC region and a few African countries to boost its export revenues.
"We have set a modest export target of $8.8 million for 2005 based on the current orders. However, we hope to exceed the export revenue of $9.23 million achieved in 2004 by securing additional orders from defence and civilian sectors during the current fiscal," Rao told reporters.
Though the provisional order position as on April 1, 2004, is 66.5 billion, including the spill over from 2003-2004 and orders spread over the next three years, the company has already secured firm orders to the tune of 24 billion for 2005.
The company's revenue share from the defence sector is likely to go up to 80 percent in 2004-2005 from 77 percent in the last fiscal. The balance 20 percent will be generated from the sale of its civilian product range.
During 2003-04, the company exported defence equipment and spares to Egypt, Switzerland, Israel and Indonesia, besides civilian products to Malaysia and Azerbaijan. It also undertook contract manufacturing for the US in gems and batteries.
"We are looking forward to bag a substantial order from the US for our electronic voting machines (EVMs), customised to meet the requirements of the presidential elections due later this year," Rao said.
"After the general election in India, we will be aggressively promoting our EVMs to other countries with suitable modifications to tap their export potential."
BEL has delivered about 60,000 EVMs to the Election Commission by March 31 in conformity with the latter's order placed in January. During 2004, the company supplied a record 231,000 EVMs to the poll body, accounting for nine percent of its total revenue.
In the civilian segment, the company is aiming at a sale of about 50,000 Simputers, the indigenous hand-held computer, during the current fiscal.
The innovative product was commercially launched this month and till date, BEL has sold about 450 of them. Simputer is designed and developed by the Bangalore-based Pico Peta Simputers Ltd.
Internet and telecom service providers such as Sify, Reliance and BSNL have already approached the company for a tie-up to provide mobile computing through the web.
The public listed company achieved a profit before tax of 4.46 billion and net profit of 3.01 billion for 2004 as against 3.86 billion and 2.75 billion respectively in the last fiscal.
Source: IANS