BEL to benefit from Defence Offsets Policy

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Bharat Electronics Ltd (BEL) is expecting to benefit significantly from the government’s Defence Offset Policy, according to Ashwani Kumar Datt, chairman and managing director. Defence offsets will be a key growth area for the state owned BEL, which produces everything from solar powered panels and radars to air-to-surface missiles. BEL is expected to get about 8 per cent of the anticipated total defence offset business of US$ 3-5 billion in the next 3-5 years. BEL’s provisional sales turnover amounted to Rs 55.5 billion (Rs 5,550 crore) in 2010-11.

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