Bhart Electronics Limited  held an annual press conference

25^th May 2022. Bengaluru . Bhart Electronics Limited  held an annual press conference to announce financial performance highlights of 2021-22.

The press conference was held at The Lait Ashok Hotel, Benagaluru, the media was addressed by Ms. Anandi Ramalingam, CMD (BEL) along with other Directors of Finance , BG Cx, R&D and Other Units.

Performance Highlights of 2021-22

FINANCIAL HIGHLIGHTS

HIGHLIGHTS OF 2021-22  

• BEL registered a turnover growth of 9% over the previous year, in spite of challenges due to Covid-19 pandemic, global chip shortage and stiff competition.
• Export turnover of 33.30 Million USD.
• Achieved Market Capitalization of Rs. 60,000 Crores.
• BEL’s Armoured Engineer Reconnaissance Vehicle inducted into Indian Army.
• First prototype of indigenously developed Universal Driver Training Simulator for Rolling Stock (i-UDTS) inaugurated by Secretary (MoHUA).
• Turnover from indigenous technology is 78%.
• Sales from Defence business is 88%.

MAJOR ORDERS EXECUTED

Some of the major orders executed during the year include:

• Long Range Surface to Air Missile
• Akash Weapon System
• Fire Control System
• Integrated Air Command & Control System
• Advanced Composite Communication System
• Integrated Electronic Warfare Suite
• Coastal Surveillance System

NEW PRODUCTS

 Some of the new products / systems introduced during the year are:

• Laser Fence System
• IR Jammer for Active Tank Protection System
• Gimbal for Tethered UAV
• Drainage Intrusion Detection System
• Solid State Power Controller Cards for Akash NG / QRSAM
• S-Band 150W Power Amplifier
• GNSS Receiver
• Managed Ethernet Switch -12 Port
• IP EPABX System
• Navigation Complex System
• C BAND GaN PA & C BAND GaAs MMICs
• Oxygen Concentrator 5LPM & 10 LPM and Dialysis Machine 

MAJOR ORDERS RECEIVED

During the year 2021-22, the Company received many orders. Significant among these orders include:

• Avionics Package for LCA
• Advanced Electronic Warfare (EW) suite for fighter aircraft
• Instrumented Electronic Warfare Range (IEWR)
• CDR TI cum Day Light Sights for T-90 Tanks
• Electronic Voting Machine & VVPAT
• RWR & MAWS for C-295 Aircraft
• Gun Electronic Upgrade
• Electronic Warfare Systems for Ships
• Weapon Locating Radar
• Integrated Observation Equipment

EXPORT PERFORMANCE

•        Achieved Export sales of 33.30 MUSD.

•        Order Book of 269 MUSD, acquired orders worth 179 MUSD.

•        Major products include Coastal Surveillance System, sub-systems of Radar and EW Systems, Data Link II, Cable Looms, Communication Equipment, Radar Finger Printing System, etc.

•        Signed contract with Airbus for supply of Radar Warning Receiver (RWR) and Missile Approach Warning Systems (MAWS) as part of Offset under C295 aircraft programme of GoI.

•        Collaborated with new local partners in Kenya, Chile, Suriname, Malaysia, Nepal and Bangladesh.

•        Increased contract manufacturing portfolio by increasing empanelment as global supply chain partner with OEMs.

•        Strategic alliances with Indian platform manufacturers initiated processes for signing agreements to create strong support within the country and with foreign OEMs to address global markets.  

R&D INITIATIVES

• Successful development, testing & completion of Multi Target Tracking Radar.
• Successful completion of BMP Electro Optic Upgrade and Combat Management System.
• BEL initiated two major activities for Delhi Metro Railway Corporation namely Super-Supervisory Control and Data Acquisition (SCADA) System and Indigenous Automatic Train Supervision System (i-ATS).
• BEL has signed LAToT with DRDO in the areas of Radar, EW Systems, Robotics and Weapon Systems.
• BEL has signed MoUs with the Tri-Services towards Technology Co-operation and Innovation.
• Future thrust areas are Quantum Cryptography, Photonics-based EW Systems, High-power Lasers, Geospatial Analytics, Image Profiling using LiDARs, Drone Guard systems, Intelligent Process Automation, AI based products, Unmanned Systems, etc.

MANUFACTURING INITIATIVES 

• Infrastructure enhancement is one of the major objectives of the Company in order to stay upgraded for global opportunities and to be the best in business.
• During the year 2021-22, the Company has spent around Rs 465 Crores as part of CAPEX investment towards modernization of Plant & Machinery, Test instruments, R&D investments, Infrastructure up-gradation etc.
• Following are some of the major facilities established during 2021-22:
  • Infrastructure & Test facilities for LRSAM
  • Augmentation of Facilities for AKASH Missile Systems
  • Virtual Desktop Infrastructure (VDI)
  • Regional Product Support Centres

BUSINESS INITIATIVES

• Expansion of geo-spatial reach, full scale operationalization of Overseas Marketing Offices in Vietnam, Sri Lanka and Oman. Singapore and New York offices expanded with marketing cells.
• Ten Regional Product Support Centres with storage facility and test labs made operationalised.
• Leasing agreement signed with Tamil Nadu Industrial Explosives Limited for further expansion in the area of Arms and Ammunitions.
• TAs / TCAs signed with potential Strategic Partners in the areas of Electronic Warfare and Medical Electronics
• Signed MoU with Airport Authority of India for Advance Surface Movement Guidance and Control System.
• Dedicated business verticals for Arms and Ammunitions and Land Based Electronic Warfare Systems.

QUALITY INITIATIVES 

• All Units / SBUs certified for ISO 9001 QMS & ISO 14001-2004 EMS standards
• 19 Units / SBUs certified for AS 9100 Aerospace standard
• Central Software Development Group at Bangalore Complex and Hyderabad are CMMi level 5 certified and Central Research Laboratory, Network Centric Systems, DCCS at Ghaziabad and Chennai Unit are CMMi level 3 certified
• 10 Units / SBUs certified ISO 27001 (Information Security System)
• 385 engineers certified as CRE (Certified Reliability Engineers) and 335 engineers as CQE (Certified Quality Engineers) 72 engineers as CSQE (Certified Software Quality Engineers) and 124 Executives as CMQOE (Certified Manager of Quality for Organizational Excellence) by American Society of Quality (ASQ)
• 709 PMPs (Project Management Professionals) are certified by Project Management Institute till date

MAKE IN INDIA INITIATIVES

• 78% of Sales Revenue from indigenous technology.
• BEL is focusing more on core areas and R&D to retain IP, all non-core areas are being outsourced to Indian Industries including MSMEs.
• Procurement from MSMEs contributed around 31%.
• Import substitution of critical sub-systems through in-house/domestic vendor development.
• BEL’s Test facilities are being provided to Private vendors.
• EOIs published for imported items under Make-II to attract capable / prospective domestic manufacturers for indigenization.
• Details of items planned for indigenization uploaded on ‘Srijan Portal’, Indigenization portal of MoD.

HR INITIATIVES

• Release of 3-year Training Plan of BAE in technology, leadership and quality domains.
• Company wide per capita training man days was 6.86 during 2021-22.
• Employee Engagement & Satisfaction Survey was conducted and BEL has been rated under “Best Employer Zone”.
• Commencement of M.Tech programs in collaboration with IITs.
• BEL e-Shiksha was re-launched in association with M/s Coursera.
• BESAFE scheme implemented for assistance to the family of deceased employees.