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BEL invites potential investors in Middle East

BEL invites potential investors in Middle East
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 Under the auspices of the Department of Investment and Public Asset Management (DIPAM) and the Ministry of Defence (MoD), Navratna defense PSU Bharat Electronics Limited (BEL) will take part in the Investors Outreach Program in the Middle East (Dubai & Abu Dhabi) from September 12 to 15, 2022. Potential investors in Dubai and Abu Dhabi have been hearing presentations from Dinesh Kumar Batra, CMD, Director (Finance), and CFO, on why they ought to invest in BEL.

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Batra informed investors that BEL is a technology-driven company that produces essential defense systems, products, and solutions, has a world-class manufacturing infrastructure, and has a strong order book and consistent profit growth over the past three years. BEL has also participated in a number of Government of India indigenization initiatives, including Atmanirbhar Bharat and Make in India.

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He emphasized that BEL has an ICRA Credit Rating of AAA (Stable - Long Term) and A1+ (Short Term); consistent revenue and profitability performance; a strong balance sheet; zero debt; positive cash flow; and annual dividend payments that are substantial for shareholders. BEL announced bonus shares with a 2:1 ratio in August 2022. According to Batra, BEL's market valuation climbed from USD 6,050 million to USD 10,100 million in the previous year.

BEL has expanded its business to include arms and ammunition, missiles and seeker technology, network and cyber security, unmanned systems, medical electronics, solutions for railway, metro, and airports, space electronics and systems, infrastructure for charging electric vehicles, alternative energy sources, secure communication technologies, and software.

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This Investors Outreach Program aims to educate potential institutional and high-value investors about the general growth story of India and the allure of Defense PSUs. The numerous government initiatives to support the defense industry have generated vitality and assisted BEL in expanding its services to worldwide markets in addition to meeting domestic demand.


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