PSU NEWS
BEL posts Rs 1809 cr profit after tax for 2015-16
Bharat Electronics Limited (BEL) on Wednesday said it logged a profit after tax of Rs 1,809 crore in fiscal 2015-16, rising from Rs 1,467 crore in 2014-15.
"We had a good financial year in 2015-16, with an impressive jump in the order book," said BEL Chairman S.K. Sharma.
While the company registered a turnover of Rs 7,522 crore in 2015-16 compared to Rs 6,695 crore in 2014-15, the order book value as on April 1, 2016, stood at Rs 32,022 crore, increasing from Rs 21,617 crore in 2014-15.
With an export growth of 47 per cent, the BEL`s exports rose to $85 million in the analysed year from $58 million in the last fiscal.
"Highlights of 2015-16 include 12 per cent growth in turnover, induction of Akash missile system into the Indian Air Force and Indian Army, and an excellent MoU rating for 2014-15," said Sharma.
Read Also : Indian Air Force ushers in Digital Transformation with DigiLocker Integration
News Must Read
- NCL General Manager (Finance) D Sunil Kumar recommended for SECL Director (Finance)
- Bank of Maharashtra Q4 results, Net Profit increased by 44.95 percent to Rs 1,218 crore
- Axis Bank Overtakes Kotak Mahindra Bank to Become India's Fourth Most Valued Lender
- LIC cuts stakes in major PSU stocks
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station