BEL today signed a Memorandum of Understanding (MoU) with the Army Design Bureau of Indian Army for co-operation in the development of Artificial Intelligence (AI) solutions for Indian Army.
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BEL's Bengaluru and Hyderabad Units have signed two contracts totally worth Rs. 3,102 Cr with the Ministry of Defence, GoI. The contracts are for supply of Advanced EW suite for fighter aircraft of the Indian Air Force and Instrumented Electronic Warfare Range (IEWR) for the IAF.
BEL has been selected as “Star PSU” from among all the PSUs of the country by an eminent jury constituted to select the winners of the “Business Standard Annual Awards for Corporate Excellence 2021”.
In a major boost to its diversification drive into non-defence and ‘Make in India', BEL & Airports Authority of India have signed an agreement for the joint, indigenous development of air traffic management systems, which were hitherto being imported, for airports in India.
BEL has paid Rs. 186 Cr Interim Dividend to the Government of India. Presented the cheque for Rs. 186.89 Cr payable on the shares held by the President of India, to the Hon’ble Raksha Mantri, Shri Rajnath Singh, today.
The Ministry of Defence has signed a contract worth Rs. 1,075 Crs with BEL for retro-modification of Commander Sight for T-90 Tanks. The indigenous development of TI-based Commander Sight, jointly by IRDE, DRDO and BEL, provides a boost to the ‘Make in India’ initiative.
BEL has signed USD 73 Million contract with Hyperion Global Group LLC, USA, for supply of IoT devices to the US. BEL is looking forward to expanding its global footprint and the contract with Hyperion is another major step in that direction.
The first batch of next-generation Armoured Engineer Reconnaissance Vehicles (AERV), indigenously developed by DRDO and manufactured by BEL-Pune, was inducted into Indian Army by Gen Manoj Mukund Naravane, PVSM, AVSM, SM, VSM, ADC, Chief of Army Staff, on December 21, 2021.
The LCA Tejas Mk1A programme got a shot in the arm today as BEL received an order worth Rs. 2,400 Crs from HAL for manufacture and supply of 20 types of avionics systems to be fitted on the fighter aircraft.















