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BEL Emerges as India’s Most Admired Defence PSU Under Manoj Jain

Newsmantra — Thu, 09 Apr 2026 10:12:00 +0000

BENGLURU. Bharat Electronics Limited (BEL) has emerged as India’s most admired defence public sector undertaking, driven by strong leadership under CMD Manoj Jain and a clear focus on technology, innovation, and self-reliance. Since taking charge in June 2024, Jain has steered the company towards future-ready products, intellectual property creation, and advanced technology acquisition.

The company has delivered robust financial performance, with gross sales rising to ₹23,769 crore in FY25 and profit after tax increasing significantly to ₹5,287 crore. BEL remains debt-free with a strong order book of around ₹74,500 crore and has guided for substantial new orders, including major defence projects like the QRSAM system, as per report published in leading business magazine Businesss Today.

BEL has strengthened its indigenous capabilities in key areas such as radars, communication systems, electronic warfare, and unmanned systems. It has also expanded its manufacturing base and created dedicated strategic business units, while actively collaborating with DRDO and private players to enhance technological depth and execution capacity.

With flagship contributions like drone detection systems deployed in critical operations and a consistent investment of 6–7% of turnover in R&D, BEL continues to play a pivotal role in India’s defence ecosystem. The company’s transformation highlights how a technology-driven PSU can achieve sustained growth and strategic importance in line with the Atmanirbhar Bharat vision.

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Bharat Electronics Limited, Safran Electronics & Defense Ink JV to Manufacture HAMMER Missiles in India

Newsmantra — Thu, 19 Feb 2026 13:53:57 +0000

NEW DELHI. Bharat Electronics Limited and Safran Electronics & Defense, France, have signed a Joint Venture Agreement to establish a joint venture company for the production of the Highly Agile Modular Munition Extended Range HAMMER smart precision-guided air-to-ground weapon in India, marking a major boost to indigenous defence manufacturing. The operationalisation of the agreement is subject to regulatory and administrative approvals from both countries, and a Master Production Agreement has also been signed to facilitate phased transfer of production technology to India with progressively higher indigenisation of key sub-assemblies, electronics and mechanical components.

The agreements were signed by BEL Chairman and Managing Director Manoj Jain and Safran’s Executive Vice President and Defence Director Alexandre Ziegler in the presence of Defence Minister Rajnath Singh and French Minister of the Armed Forces and Veteran Affairs Catherine Vautrin during the 6th India-France Annual Defence Dialogue in Bengaluru. The equal-shareholding joint venture will focus on manufacturing, supply and maintenance of HAMMER missiles for the Indian Air Force and Indian Navy, reinforcing the Atmanirbhar Bharat initiative and reducing import dependence. The combat-proven HAMMER system, known for its high accuracy and modular design, is compatible with platforms such as the Dassault Rafale and the HAL Tejas, and the collaboration aims to leverage Safran’s expertise while strengthening India’s defence industrial base.

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