Bharat Electronics Ltd.

BSE: 500049 | NSE: BEL
Large Cap | Defence
392.75
9.10 (2.37%)
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Bharat Electronics’ non-executive employees go on one day token strike

Date: 11-12-2013

Negotiating Trade Unions of the Bharat Electronics’ constituent Units along with Corporate Office have served notices on Management to go on one day token strike by all the non-executive employees on or after December 11, 2013. The matter of dispute is that the Unions are demanding early settlement of Plant Performance Incentive (PPI) / upward revision of PPI amount from the financial year 2012-13 onwards.

Bharat Electronics (BEL) was set up at Bangalore by the Government of India under the Ministry of Defence in 1954 to meet the specialised electronic needs of the Indian defence services. Over the years, it has grown into a multi-product, multi-technology, multi-unit company serving the needs of customers in diverse fields in India and abroad.