BEL receives orders worth Rs. 2,191 Cr

BEL reported 19.18% growth in consolidated net profit to ₹1,366.38 crore in the fourth quarter for FY23, as against ₹1,146.50 crore in the same quarter a year ago. The PSU has also declared total dividend payout in 2022-23 of ₹1.8 per share against ₹1.5 per share for '21-'22. for its shareholders. Sequentially, BEL's net profit for the FY23 stood at ₹2,940.35 crores compared to FY22 quarter.

In order to co-develop and co-produce a Long Range Dual Band indigenous Infrared Search and Track System (IRST) for the Su-30 MK, HAL and BEL signed a deal. Together with Hindustan Aeronautical (HAL), BEL is considering building a semiconductor chip manufacturing.

BEL was founded in 1954 in collaboration with CSF, France (now Thales), to satisfy the Indian Defence Services' need for specialised electronic equipment. With around nine plants and a number of regional offices in India, BEL is a state-owned aerospace and defence corporation from India.

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