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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Shri Mukherjee was selected after the board interviewed two candidates for the role. The recommendation comes at a crucial time as the top post at AVNL is presently vacant, and his appointment is expected to provide steady leadership to the defense public sector undertaking once the final approvals are processed.

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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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Yantra India Limited has recorded strong financial and operational growth, with sales increasing from ₹956.32 crore in the second half of FY 2021–22 to ₹3,108.79 crore in FY 2024–25. Its export performance has also shown a sharp rise, growing from zero exports in FY 2021–22 (H2) to ₹321.77 crore in FY 2024–25. The company’s diversified product portfolio includes carbon fibre composites, assemblies for medium and large calibre ammunition, armoured vehicles, artillery guns, main battle tanks, glass composites and aluminium alloys, strengthening India’s indigenous defence manufacturing capabilities.

With the Miniratna Category-I status, YIL’s Board has been empowered to approve capital expenditure of up to ₹500 crore for new projects, modernisation and procurement of equipment without prior government approval, enabling faster decision-making and accelerated growth. Yantra India Limited was formed on October 1, 2021, following the corporatisation of the erstwhile Ordnance Factory Board into seven new defence public sector undertakings to enhance efficiency, autonomy and innovation. YIL is a Schedule ‘A’ DPSU under the Department of Defence Production, and this decision further reinforces the Government’s vision of Aatmanirbhar Bharat by reducing import dependence and positioning India as a global hub for defence production.

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• Total income stood at Rs. 5,086 Crore in 9MFY26 as against Rs. 3,654 Crore in 9MFY25, registering a growth of 39%
• Revenue from operation stands at Rs. 4,883 Crore in 9MFY26 as against Rs. 3,434 in 9MFY25, registering a growth of 42%
• The Company’s EBITDA reported at Rs. 643 Crore in 9MFY26 against Rs. 421 in 9MFY25, registering a growth of 53%
• Profit Before Tax (PBT) stood at Rs. 594 Crore in 9MFY26 against Rs. 380 Crore in 9MFY25, registering a growth of 56%
• Profit After Tax (PAT) stood at Rs. 445 Crore in 9MFY26 against Rs. 283 Crore in 9MFY25, registering a growth of 57%

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The Next Generation VR Lab was inaugurated by Vice Admiral Sanjay Sadhu, AVSM, NM, Controller of Warship Production and Acquisition (CWP&A), Indian Navy. Among those present were Cmde PR Hari, IN (Retd), Chairman and Managing Director, GRSE, Cdr Shantanu Bose, IN (Retd), Director (Shipbuilding), GRSE, Capt (IN) P Sunilkumar (Retd), Director (Corporate Planning & Personnel), GRSE, Shri Niranjan Bhalerao, Director (Finance), GRSE and other senior officials from Indian Navy & GRSE.

GRSE already had a VR Lab since 2018, and with technological advances being made in the field of ship design and digital shipbuilding, GRSE made the move to upgrade the existing facility into a next generation VR Lab. This is part of the shipyard’s continuing effort to remain future-ready and build modern, state-of-the-art platforms as per the requirements of Indian Navy, Indian Coastguard and friendly foreign countries.
The new facility enables immersive, true 1:1 scale visualization of ship designs, allowing stakeholders to experience compartments, systems, and workflows with unmatched clarity, transforming traditional design review into an intelligent, data-driven process.

At the heart of this NGVR Lab lies a continuously evolving Digital Twin, seamlessly synchronized with design, engineering, and construction data. While physical construction of a ship is underway, this digital twin enables real-time validation of layouts, equipment installation, accessibility, maintainability, and safety throughout the ship’s lifecycle — from concept design to construction and future upgrades.
Augmented Reality (AR) integration extends the digital twin onto the shop floor by superimposing virtual ship models onto physical structures, guiding construction, inspection, and alignment activities, and ensuring faithful realization of design intent during execution.

Overall, the Next Generation VR Lab at GRSE represents a future-ready convergence of immersive visualization, digital twin technology, and integrated construction technology—driving enhanced design accuracy, improved build quality, reduced cycle time, and informed decision-making across the shipbuilding production.

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