Bharat Electronics signs MoU with Department of Defence Production

Bharat Electronics Limited (BEL), a Navratna Schedule ‘A’ Central Public Sector Enterprise (CPSE) under the Department of Defence Production, Ministry of Defence has signed a Memorandum of Understanding (MoU) for the financial year 2017-18 with the Ministry.

The annual MoU was signed between Secretary (Defence Production) Shri Ashok Kumar Gupta on behalf of the Ministry of Defence and Chairman and Managing Director, BEL, Shri MV Gowtama. 

The revenue from operations has been targeted at Rs. 9000 cr. The Operating Profit to Revenue from Operations target has been set at 14 percent and PAT to Average Net worth has been set at 15%. 

Turnover from exports and increase in indigenous content are given additional focus during the year, along with other parameters like CAPEX investment and Monitoring of CAPEX projects, Reduction in Trade Receivables and HR related parameters.