DSIJ Mindshare

The approval of these capital acquisition proposals is a significant step towards modernizing the Indian Armed Forces and enhancing their combat readiness. The procurement of these weapons and systems from Indigenous vendors will boost self-reliance in defence production and reduce dependence on foreign suppliers.

Order Book Update: BHEL offers a range of eco-friendly thermal power technologies, including boilers, ESPs, FGDs, and SCRs. As of June 30, 2023, the company’s outstanding order book currently stands over Rs 1.50 lakh crore (excluding taxes) with the finalisation of the prestigious Vande Bharat trainset order in April 2023.

According to the quarterly results, net sales increased by 70.84 per cent to Rs 5,003 crore in Q1FY24 over Q1FY23. The company reported a net loss of Rs 344 crore in Q1FY24 compared to a net loss of Rs 188 crore in Q1FY24. In FY23, the net sales increased by 10.16 per cent to Rs 23,365 crore and net profit increased by 7.2 per cent to Rs 477 crore compared to FY22.

This achievement is attributed to the prestigious Certificate of Accreditation granted by the International Air Transport Association (IATA), which has enabled the company to explore new opportunities in the realm of air export logistics that were previously inaccessible.

Order book Update: Significantly, this outstanding order book currently stands at Rs 1,14,336 crore (excluding taxes) with the finalisation of the prestigious Vande Bharat trainset order in April 2023. The President of India owns the majority of the company (63.17 per cent), with the remainder divided among FIIs, DIIs, and the general public.