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videos | IST

Expect order inflows worth Rs 15,000-16,000 crore in FY19, says Bharat Electronics

We will touch Rs 15,000-16,000 crore order acquisition this year, said MV Gowtama, CMD, Bharat Electronics.
“I am expecting 15% growth for the present year, so expect revenues will grow much better than FY18,” said Gowtama.
Talking about order inflow, he said, “Unfortunately my expectations and investors’ expectations in getting good order during FY18 didn’t realize but I am happy to declare that from our part the negotiations for Akash seven squadrons are completed and users are putting up necessary approvals from requisite authorities and I am hopeful that before two quarters we are likely to sign the contract for Akash.”
We expect LRSAM order to be finalised within two quarters and there is no chance of slippage of Akash and LRASM orders in FY19,  he said.