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BEL expects Rs700 cr order for coastal surveillance

19 Nov 2010 Evaluate

Bharat Electronics Limited (BEL), the public sector defence behemoth, expects to secure contract for the first phase of the coastal surveillance system for Rs700-800 crore from the Coast Guard by next month. The company would be making a capital expenditure of Rs250-300 crore by end of the current fiscal on the project.

The order book position of the company is good and it is at about Rs11, 700 crore presently. BEL expects to secure orders for Akash Missile System from the Indian Air Force (IAF) for additional six squadrons valued at Rs3, 500 crore by March 2011. The deliveries would be done by December 2011 for the first order and after that the company would begin work on the second order, which will be completed over a period of 36 months. The company has a stated target of Rs5, 500 crore sales this year and also to have another Rs5, 000 crore worth of orders.crackcrack

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