Skip to main content

BEL invites potential investors in Middle East

BEL invites potential investors in Middle East

 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.

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.

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.

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.


Labels:

Comments

Post a Comment

Popular posts from this blog

PM Modi Stresses Climate Finance and Technology at COP28 for Global South's Ambitions

 During the COP28 Presidency's session on Transforming Climate Finance, Prime Minister Narendra Modi emphasized the crucial role of climate finance and technology in realizing the aspirations of countries in the Global South, including India. Despite their limited contribution to climate change, these nations bear immense consequences, and PM Modi highlighted their unwavering commitment to climate action, despite resource constraints. Addressing the gathering, PM Modi stated, "We all know that countries in the Global South, including India, have played a lesser role in climate change. But the impact of climate change on them is immense. Despite a lack of resources, these countries are committed to climate action." He expressed the expectation of Global South nations for robust support from developed countries to combat climate change, considering the natural and justified need for assistance. PM Modi welcomed the decision to operationalize the Loss and Damage Fund, adopte
Post a Comment
Read more

Bangladesh Military Expresses Discontent Over Chinese Weapons; Reports 'Sub-Standard' and Faulty Parts

  Bangladesh, a traditional buyer of Chinese military equipment, has raised grievances with Beijing regarding the delivery of defective components and technical malfunctions in its imported military hardware. This issue is not unique to Bangladesh, as other nations like Myanmar have also encountered problems with Chinese fighter jets, according to an ET report. Experts in the Chinese defense industry argue that Beijing lacks the expertise to manufacture highly sophisticated military hardware and is not yet considered a top-tier producer of modern defense equipment. They claim that much of China's weapon systems are based on outdated technology copied from the West. Developing countries often opt for Chinese weapons due to their lower cost compared to similar systems from Western countries. China sells arms through state-run export organizations like the Aviation Industry Corporation of China (AVIC), NORINCO, and CVIC. Sources familiar with the matter told ET that the Bangladesh mil
Post a Comment
Read more

North Korea Celebrates 'New Era of a Space Power' after Satellite Launch

  In a significant development, North Korea recently celebrated what it termed a 'new era of a space power' following the successful launch of a satellite. The reclusive nation's space endeavors have long been a source of international concern and scrutiny, raising questions about its technological capabilities and intentions. This latest achievement has reignited debates and speculation about North Korea's space ambitions. The satellite launch, conducted by North Korea's space agency, comes amid a backdrop of geopolitical tensions and global attention on the Korean Peninsula. The state media hailed the event as a major milestone, highlighting the successful deployment of the satellite into orbit. However, it is important to note that the international community remains skeptical, with concerns over the dual-use nature of space technology that could potentially be applied to ballistic missile systems. North Korea's pursuit of space capabilities has been a conten
Post a Comment
Read more