One set of stocks that have been on investors' radar off late have been the defence stocks and defence public sector undertaking (PSUs) in particular. In an interview to CNBC-TV18, MV Gowtama, CMD of Bharat Electronics (BEL) spoke about their business outlook for the rest of FY18 and beyond.
We have received about Rs 2,500 crore worth of order in Q1 and two major orders likely to happen in this financial year, said Gowtama.
One order is seven squadrons of Akash and second order is LR-SAM for the next series of ships, he added.
Expect order inflow of Rs 16,000 crore for FY18, he said.
On CAG report front, he said the Comptroller and Auditor General (CAG) have audited BEL and Akash missile system programme also was evaluated by CAG from the perspective of BEL.
Proud to say that we have not got any observation written against BEL by CAG in the past eight years, he added.
On business front, he is confident of maintaining growth of 15-17 percent and will certainly cross Rs 10,000 crore mark this year.
Watch accompanying video for more details.
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