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BEL signs MoU with department of defence production

By Rahul Chopra
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Bharat Electronics Limited (BEL), a navratna central public sector enterprise (CPSE) under the department of defence production, ministry of defence, signed an agreement for the financial year 2017-18 with the ministry.

The revenue from operations has been targeted at Rs 90 billion. The operating profit to revenue from operations target has been set at 14 percent and PAT to average net worth has been set at 15 percent.
 
Turnover from exports and increase in indigenous content are given additional focus during the year, along with other parameters like CAPEX investment and Monitoring of CAPEX projects, Reduction in Trade Receivables, and HR related parameters.
According to Dalal Street Investment Journal, 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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