Navratna defence public sector unit Bharat Electronics Limited (BEL) has recorded a turnover of Rs. 5,550 crore (provisional) for the fiscal year 2010-11, registering a growth of 6.3 per cent over the turnover of Rs. 5,219.77 crore during 2009-10.

BEL achieved exports of $41.69 million, which is an increase of 76 per cent over last year’s figure of $23.65 million. The turnover per employee during 2010-11 was Rs. 50 lakh as against last year’s Rs. 45.2 lakh. The value added per employee is Rs. 20 lakh.

Prominent among the new products introduced and supplied during 2010-11 is the Akash missile system – it is the first time that BEL is executing such a system. The other new products supplied include new generation hull-mounted sonar, mobile communication terminal, hand-held thermal imager, semi-ruggedised automatic exchange, instant fire detection & suppression system, surveillance jammer vehicle, low power jammer, ATM-based Integrated ship data network, combat management system, laser seeker, HF transreceiver, panoramic all-day surveillance system and gap measuring device Mk III.

BEL recently received the SCOPE (Standing Conference of Public Enterprises) Meritorious Award for Corporate Governance for 2009-10.

Ashwani Kumar Datt, Chairman & Managing Director, BEL, received the award from the President of India Pratibha Devisingh Patil. The Union Minister for Heavy Industries and Public Enterprises Praful Patel was also present.