BEL signs MoU with Ministry of Defence
DSIJ Intelligence / 18 Jul 2017
The annual MoU was signed between Secretary (Defence Production) Ashok Kumar Gupta on behalf of the Ministry of Defence and Chairman and Managing Director, BEL MV Gowtama.
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 revenue from operations has been targeted at Rs 9000 crore. The PAT to average net worth has been set at 15% and operating profit to revenue from operations target has been set at 14%.
Turnover from exports and increase in indigenous content are given additional focus during the year, along with other parameters like reduction in trade receivables, CAPEX investment and monitoring of CAPEX projects and HR related parameters, said a Ministry of Defence release on Monday.
The annual MoU was signed between Secretary (Defence Production) Ashok Kumar Gupta on behalf of the Ministry of Defence and Chairman and Managing Director, BEL MV Gowtama.
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