Access Selected Content from Financial Times on Moneycontrol Pro

Access Selected Content from

Financial Times on Moneycontrol Pro

SENSEX
NIFTY 50
Hang Seng
Taiwan Weighted
MCX GOLD OCT 05
MCX SILVER DEC 04
USD/INR
EUR/INR80.0630

SENSEX
NIFTY 50
NIFTY MIDCAP 100
S&P BSE MIDCAP
Hang Seng
Taiwan Weighted
DAX
Nasdaq
MCX GOLD OCT 05
MCX SILVER DEC 04
MCX CRUDEOIL OCT 19
MCX NATURALGAS OCT 27
USD/INR
EUR/INR
GBP/INR
JPY/INR

Nifty could see resistance at 13,150 zone: IIFL's Anu Jain

Asian shares grind lower amid vaccine doubts, economic concern

Gold trades flat; may face resistance at Rs 48,900 per 10 gm

Rupee slumps 35 paise to 74.76 against US dollar

Business

Govt's 'Aatmanirbhar Bharat' plan propelling defence industry, says BEL

Updated : November 20, 2020 11:56 AM IST

The BEL management sounded very confident at their annual analyst meet recently. They are betting on double digit growth over the next decade and they see huge opportunities in defence and non-defence segments. MV Gowtama, CMD, BEL discussed this.

“The ‘Aatmanirbhar Bharat’ plan of government of India is propelling a big boost in the Indian defence industry,” he said in an interview with CNBC-TV18. “We are quite optimistic,” he added.

“This gives a great opportunity for the Indian defence to plan for much bigger role and also plan for big expansion,” he said.

The company has got orders of Rs 5,000 crore in the first half of this year.

“We are in a very advanced stage of negotiation for another Rs 8,000-9,000 crore. We are confident that this year also, we will acquire orders in excess of Rs 13,000-15,000 crore,” he said.

BEL is expecting double digit growth in next two-three years in terms of topline. “We also expect to maintain the EBITDA margin around 20 percent,” he added.

For more, watch video...

You May Also Like

Carlyle Group in advanced stages to acquire Granules India for around $1 billion, say sources

Carlyle Group in advanced stages to acquire Granules India for around $1 billion, say sources

Govt caps surge pricing by cab aggregators at 1.5 times of base fare, issues other guidelines

Govt caps surge pricing by cab aggregators at 1.5 times of base fare, issues other guidelines

RBI has set precedence in LVB bond write-off, will hurt other banks: Report

RBI has set precedence in LVB bond write-off, will hurt other banks: Report

Trending on CNBC-TV18

Live TV

recommended for you