Bengaluru, Feb 12 (UNI) Bharat Electronics Limited (BEL), the state-owned defence and electronics major, is now aiming for Maharatna status, following a stellar financial performance in 2023-24.
The company reported a record turnover of Rs 19,819.93 crore, marking a 14.35 percent growth from Rs 17,333.37 crore in the previous fiscal. The surge was largely driven by strong performance across all segments, with the defence sector contributing 81 per cent to the revenue. Non-defence businesses accounted for the remaining 19 percent.
"BEL's remarkable performance this fiscal is a result of our commitment to innovation, quality, and timely execution of projects," BEL Chairman Manoj Jain said at Aero India 2025.