Bharat Electronics facing drastic reduction in order books

Bharat Electronics facing drastic reduction in order books
PTI
Comment E-mail Print Share
First Published: Mon, May 07 2007. 02 59 PM IST
Updated: Mon, May 07 2007. 02 59 PM IST
New Delhi: Public Sector Undertaking Bharat Electronics Ltd (BEL), categorised Navratna company recently, is facing drastic reduction in its order books.
“The company is faced with a huge order drop from armed forces, its prime market,” according to the Parliamentary Standing Committee on Defence, which has asked it to look at a diversified market in civil aviation, shipping and railways.
The Comittee, which has undertaken an in-depth and critical review of BEL, in a report tabled in Parliament on 7 May asked the company to go in for production of specialised detectors to help private and police and para-military organisation to check drug trafficking.
Though the Parliamentary Committee did not specify the drop in order, according to BEL sources, the company’s seller profile has been affected as the government is yet to clear request for proposals for low level and medium level transportable radars.
The induction of these radars is being accorded top most priority in view of experts pointing out to extremely low level of radar coverage of peninsular India, specially southern states and coastal belts making them vulnerable to aerial threats and intrusions.
In the report, the Parliamentary Committee has recommended to keep up the high economic profile of the company, Government should give financial assistance to the PSU to undertake a comprehensive technology update of all its nine units spread throughout the country.
Comment E-mail Print Share
First Published: Mon, May 07 2007. 02 59 PM IST
More Topics: Corporate News | Sector Spotlight |