<p>State-run Bharat Electronics Limited (BEL), which mostly makes electronic goods for the Indian defence forces, is planning to venture deeper into the civil aviation, healthcare and transport arenas in a bid to sustain its growth amid rising competition.</p>.<p>BEL, which recorded 88% of its sales from the defence business in the last financial year, is looking to clock sales of at least 20% from its non-defence ventures going forward.</p>.<p>“If we are to aim for sustainable growth, we need to venture into other sectors as well and maintain an 80%-20% ratio of defence and non-defence business,” BEL Chairman and Managing Director Anandi Ramalingam said on Wednesday.</p>.<p>The company’s success in making ventilators during the pandemic had urged it to take up more projects in the healthcare sector, BEL Chief Financial Officer Dinesh Kumar Batra explained.</p>.<p>“Based on this success, we want to venture into other areas and are looking at manufacturing oxygen concentrators and dialysis units. In fact, we are working closely with a Bengaluru-based startup to design an affordable dialysis unit. Now, we also have a dedicated medical electronics wing,” Batra said.</p>.<p>BEL, which is already running civil aviation-based projects, has also collaborated with the Delhi Metro Rail Corporation. It clocked a record turnover of Rs 15,044 crore for the financial year that ended in March 2022, marking the first time it crossed the Rs 15,000 crore turnover mark. </p>.<p>It was a peculiar year for them, Batra added. "We had the ability to record at least another Rs 2,200 crore turnover. But, the Covid-induced lockdown followed by a semiconductor shortage cut our speeds.”</p>
<p>State-run Bharat Electronics Limited (BEL), which mostly makes electronic goods for the Indian defence forces, is planning to venture deeper into the civil aviation, healthcare and transport arenas in a bid to sustain its growth amid rising competition.</p>.<p>BEL, which recorded 88% of its sales from the defence business in the last financial year, is looking to clock sales of at least 20% from its non-defence ventures going forward.</p>.<p>“If we are to aim for sustainable growth, we need to venture into other sectors as well and maintain an 80%-20% ratio of defence and non-defence business,” BEL Chairman and Managing Director Anandi Ramalingam said on Wednesday.</p>.<p>The company’s success in making ventilators during the pandemic had urged it to take up more projects in the healthcare sector, BEL Chief Financial Officer Dinesh Kumar Batra explained.</p>.<p>“Based on this success, we want to venture into other areas and are looking at manufacturing oxygen concentrators and dialysis units. In fact, we are working closely with a Bengaluru-based startup to design an affordable dialysis unit. Now, we also have a dedicated medical electronics wing,” Batra said.</p>.<p>BEL, which is already running civil aviation-based projects, has also collaborated with the Delhi Metro Rail Corporation. It clocked a record turnover of Rs 15,044 crore for the financial year that ended in March 2022, marking the first time it crossed the Rs 15,000 crore turnover mark. </p>.<p>It was a peculiar year for them, Batra added. "We had the ability to record at least another Rs 2,200 crore turnover. But, the Covid-induced lockdown followed by a semiconductor shortage cut our speeds.”</p>