BEL inks deal with Indian Air Force for maintenance of Akash missile system

IANS April 2, 2025 283 views

Bharat Electronics Limited has secured a major Rs 593 crore contract with the Indian Air Force for maintaining the Akash missile system. The Navratna company reported impressive financial growth with 16% revenue increase in FY25 reaching Rs 23,000 crore. BEL's order book has swelled to Rs 71,650 crore including significant defence and non-defence projects. The company's CMD highlighted their focus on indigenisation and global expansion to maintain market leadership.

"BEL strives to attain self-reliance through enhanced Indigenisation efforts" - Manoj Jain, BEL CMD
Bengaluru, April 2: Navratna defence public sector undertaking Bharat Electronics Limited (BEL) has signed a contract with the Indian Air Force, valued at Rs 593.22 crore, for providing maintenance services for the Akash missile system to kick off the new financial year 2025-26.

Key Points

1

BEL signs Rs 593 crore Akash missile maintenance deal with IAF

2

Reports 16% revenue growth in FY25 at Rs 23,000 crore

3

Order book crosses Rs 71,650 crore including exports

4

Q3 net profit jumps 47% to Rs 1,316 crore

The BEL had also supplied the IAF with the Akash missile system for which it has won the maintenance contract.

Further, the company has concluded negotiations with customers for acquisition of orders worth Rs 5,000 crore, BEL said in a statement.

Meanwhile, Bharat Electronics Limited has achieved a turnover of around Rs 23,000 crore during the financial year 2024-25, against the previous year's turnover of Rs 19,820 crore, registering a growth of 16 per cent. This includes export sales of around $106 million during FY 2024-25, as against the previous year's export turnover of $ 92.98 million, registering a growth of 14 per cent, according to a company statement.

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, etc, 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 the export order book of $359 million.

BEL Chairman & Managing Director, Manoj Jain, said: "BEL strives to attain self-reliance through enhanced Indigenisation efforts, expansion and modernisation, outsourcing to Indian Industries, including MSMEs & startups. 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 to retain its market leadership position in the strategic electronics sector."

BEL has reported a 47.3 per cent growth in its net profit for the third quarter ended December 2024 to Rs 1,316.06 crore, compared to Rs 893.30 crore in the same quarter of the previous year.

The Navratna defence public sector company's consolidated revenue from operations in the third quarter shot up by 38.6 per cent to Rs 5,770.69 crore, from Rs 4,162.16 crore reported in the corresponding quarter of the previous financial year.

Reader Comments

R
Rajesh K.
Great news for Make in India! BEL is really stepping up as a leader in defense electronics. The growth numbers are impressive too. 🇮🇳
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Priya M.
While the contract is good, I hope BEL maintains quality standards in maintenance. The Akash system is too critical to have any lapses in service.
A
Arjun S.
That 47.3% profit growth is insane! Shows how defense sector is booming under self-reliance push. More power to BEL ✊
S
Sunita R.
The export numbers could be better though. With $359M order book, we need to push harder in international markets. Still, good progress overall!
V
Vikram J.
As a Bengalurean, proud to see BEL doing so well! The city's tech ecosystem contributes so much to national security without much fanfare.
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Neha P.
The outsourcing to MSMEs and startups is a great move. Helps distribute the economic benefits of defense contracts across the ecosystem 👍

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Tags:
BEL Akash missile Indian Air Force defence contracts Bharat Electronics Manoj Jain missile maintenance
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