BEL's stellar recovery reflects its unique position among defence PSUs
BEL’s revenue grew 9.6 in FY21 and the company is confident of delivering stronger growth in current fiscal
June 24, 2021 / 09:45 AM IST
Defence public sector enterprises generally boast of large order books. But few can match Bharat Electronics (BEL) in execution and revenue generation. BEL's revenue increased by 9.6 percent last fiscal, a year ravaged by COVID-19.
Revenue at Cochin Shipyard, another defence public sector undertaking (PSU) that has recently released its financial results, declined by 17.6 percent in FY21. Similar to Cochin Shipyard, BEL’s revenues were also hit in Q1 FY21. But thanks to a diversified product basket, BEL recovered quickly. A third large defence PSU Hindustan Aeronautics is scheduled to...