BEL Performance Highlights of 2016-17

Press Release

Bharat Electronics Limited

Empowering the Nation’s Defence Forces

Performance Highlights of 2016-17

FINANCIAL HIGHLIGHTS

Parameter	2015-16 (Audited)	2016-17 (Audited)
Turnover (Rs.Cr)	7541	8825
Profit Before Tax (Rs.Cr)	1732	2029
Profit After Tax (Rs.Cr)	1307	1548
Export (US $ Million)	85	65
Turnover Per Employee (Rs.Lakh)	76.58	90.83
Value added per employee (Rs.Lakh)	33.35	39.52
Order Book Value (Rs.Cr)	32022 (as on 1.4.2016)	40242 (as on 1.4.2017)
Expenditure on R&D (Rs.Cr)	704	777

HIGHLIGHTS OF 2016-17  

•        Registered a turnover growth of 17% over previous year

•        Export turnover of  65 Million USD

•        Induction of Weapon Locating Radar to Army

•        Supply commenced for major projects:

Ø  Integrated Air Command and Control System

Ø  Hand Held Thermal Imager with Laser Range Finder

Ø  Electronic Fuze

Ø  Low Level Transportable Radar

Ø  Ship Borne Electronic Warfare System (Varuna)

•        Excellent “MoU” Rating for 2015-16

•        Turnover from indigenous technology is 87%

•        Sales from Defence business is 88%

MAJOR ORDERS EXECUTED

Some of the significant orders executed during the year include supply of the following products / systems:

·       Akash Weapon System

·       Fire Control System

·       L70 Gun Upgrade

·       Integrated Air Command & Control System

·       Low Level Transportable Radar

·       3D Tactical Control Radar

·       HHTI with LRF

·       Radio Relay Frequency (LB)

NEW PRODUCTS

Some of the new products / systems introduced during the year are:

 

•        Weapon Locating Radar

•        Voter Verifiable Paper Audit Trail Mk 2

•        Beacon  Mk III

•        Missile Two Way Data Link

•        Gigabit Ethernet Based Ship Data Network

•        Advanced Composite Communication System

•        Ship Based EW System (Varuna)

•        Battle Field Surveillance System - XR

•        Hull Mounted Sonar (New Generation)

•        Submarine Sonar Suite (USHUS 2)

MAJOR ORDERS RECEIVED

During the year 2016-17, the Company received many orders. Significant among these orders include:

·       Long Range Surface to Air Missile with MFSTAR

·       Advanced Composite Communication System for P17

·       Electronic Voting Machine

·       L-Band Static Tropo Upgrade

·       Electronic Warfare Suite (Shakti & Nayan)

·       Giga Bit Ethernet based Ship Data Network for P17

·       Hand Held Thermal Imager

·       Low Intensity Conflict EW System

·       Home Land Security

·       ALG Communication

EXPORT PERFORMANCE

•        Achieved Export sales of US $ 65 Million

•        Major products include Coastal Surveillance System, CoMPASS, VHF Radio Bharti, Advanced Composite Communication System, Ship Borne EW System (Sanket), Electro Optic Fire Control System, Electro Mechanical parts etc.

•        Participated in 3 International Exhibitions to showcase products & capabilities

•        Export order book of US $ 82 Million as on April 1, 2017; includes Offset order book of US $ 15 Million

•        Excellence in Exports under the category “Electronics & Communication (excluding IT / BT) - Medium and Large” from the Government of Karnataka during last 6 consecutive years

BUSINESS INITIATIVES

•        New Advanced Night Vision Products Factory at Nimmaluru to expand the Night Vision Devices Business

•        Strategic alliances with Defence labs, OFB and global OEMs for emerging businesses

•        Dedicated Business Groups to address Homeland Security and Smart City Business

•        Thrust on exports and offsets. Focus is on Build to Print, Build to Spec and Buyer Nominated Equipment

•        Plans to diversify / expand business in both Defence and non-Defence sectors

 

R&D INITIATIVES

•        3-year R&D Plan for 2017-20 released with enhanced focus on collaborative R&D

•        20 patent applications were filed and one patent was received

•        91 technical papers published by R&D engineers in national and international journals

•        Chief Technology Officers appointed in the areas of Communication, Electro Optics & Laser, Radar & Weapon System to focus on development of projects

•        Knowledge Management Portal is upgraded and over 400 e-books are available across company as part of knowledge sharing

•        Product Development and Innovation Centre (PDIC) Lab recognized by DSIR

MANUFACTURING INITIATIVES

•        New Radar Assembly Hangar at Ghaziabad unit for Assembly, Testing and Integration of Radar & Antenna Systems

•        "Blowing Sand & Dust Test Facility" at Bangalore for testing of Abrasion resistance of sub-systems mounted externally on aircraft

•        Pulse Current Injection Test Facility (PCI) for High Altitude Electro Magnetic Pulse (HEMP) / Nuclear Electro Magnetic Pulse (NEMP) test of various system level projects at Bangalore Unit

•        Electro Magnetic Compatibility (EMC) Chamber for system level testing facility at Bangalore

•        The Low Pressure Chemical Vapor Deposition equipment of the IC Wafer Fabrication Facility upgraded to handle wafers from 4 to 6 inch diameter at Bangalore

•        Automated Transmit / Receive Module Assembly Line consisting of die-attach & wire bonding lines to increase the X-Band TR Modules production capacity

QUALITY INITIATIVES

•        All Units / SBUs certified for ISO 9001 QMS & ISO 14001-2004 EMS standards

•        Seven Units / SBUs certified for AS 9100 Aerospace standard

•        Central Software Department Group at Bengaluru Complex is CMMi level 5 certified and Central Research Laboratory at Ghaziabad is CMMi level 3 certified

•        ‘Quality Recognition Award’ scheme introduced

•        Six Sigma projects, Suggestion Scheme and Quality Control Circles to take BEL’s Quality movement forward

•        Total 191 engineers certified as CRE (Certified Reliability Engineers) and 141 engineers certified as CQE (Certified Quality Engineers) by American Society of Quality (ASQ)

•        75 PMPs (Project Management Professionals) were certified by Project Management Institute during 2016-17

MAKE IN INDIA INITIATIVES

•        88% of Sales Revenue from Indigenous technology

•        BEL is focusing more on core areas and R&D, all non-core areas are being outsourced to Indian Industries including MSMEs

•        Outsourcing and Vendor Development Policy has been released

•        IDDM Clause incorporated in Procurement Manual in line with DPP

•        “Make in India” Display Cells established in all Units of BEL

•        Nodal officers for Outsourcing & Vendor development nominated

•        Procurement from MSEs has been increased to 20%

•        BEL’s Test facilities are being provided to Private vendors

HR INITIATIVES

•        Companywide per capita training man days was 5 during 2016-17 as against 4 days in 2015-16

•        Structured Executive Development programmes at premier institutes

•        Change Management Program and Executive coaching for senior executives

•        Programmes on Enterprise Risk Management, Outbound Learning, Strategy Building, Strategic Innovation and Competitive Intelligence

•        Advanced Management Programme for General Managers

•        Gender Sensitisation Programme (SAMMAN) & Women Leadership Workshop (DEEPSHIKHA)

•        Launched Theater Based Workshops, Blended Learning Workshops and Dedicated Initiative for wellness through Yoga and Meditation Programs

ENVIRONMENTAL INITIATIVES

•        All 9 Units of BEL are ISO 14001 and ISO 9001-2008 certified

•        Bangalore Complex and Ghaziabad Units certified for OHSAS 18001: 2007

•        Well-established Environmental Management System with pollution control measures, Waste Water Treatment, Zero Effluent Discharge, Rainwater Harvesting, Energy Conservation and proper disposal of Hazardous Waste

•        With a total capacity of 13.9 MW wind energy plants, 238 Lakh units generated has been wheeled during 2016-17

•        Green energy generated during 2016-17 is about 243 Lakh units

•        Green Building concept has been introduced in all new buildings, and all future buildings will meet Green Rating for Integrated Habitat Assessment (GRIHA) rating compliance
•        BEL has taken up sustainable development projects in the areas of Air Conditioning, Air Compressor, Lighting Management System, Natural Daylight Harvesting

 

 CORPORATE SOCIAL RESPONSIBILITY

·       BEL’s Corporate Social Responsibility (CSR) Policy has laid down the following broad areas for providing benefit to the stakeholders: Health Care, Education, Rural Development, Environment Protection and Conservation of Resources. Some of BEL’s CSR initiatives completed during 2016-17 were:

·       Construction of public conveniences, bus-stops, footpaths, railings, medians, solar streetlights etc, in and around Bangalore Unit

·       MoU signed by Bangalore Unit to facilitate upgradation of infrastructure & supply of essential tools, equipment and machinery to Government ITI, Gowribidanur, in Chikkaballapur district

·       Construction of wards, mortuary room, toilets, renovation of existing OT and labour room, providing ACs, solar lights, furniture, DG set, ambulance and medical equipment at Primary Health Centre, Mahagaon Cross, Gulbarga

·       Supply, Installation & Commissioning of 10 MLD Sewage Treatment Plant at Doddabommasandra Lake, Bengaluru

·       MoU Signed with National Skill Development Corporation (NSDC) for the vocational skill development of 700 rural youth in Palasamudram (Ananthapur District) & Machilipatnam (Krishna District) in Andhra Pradesh

·       MoU Signed by Ghaziabad Unit to facilitate creation of smart class, upgradation of infrastructure & supply of essential tools and machinery to Government ITI, Noida, Ghaziabad, UP

·       Ghaziabad Unit has adopted Maharajpur village in Ghaziabad district, UP, for undertaking developmental work in the village, like construction of Government primary & middle school buildings, providing clean drinking water, sanitation & sewage facilities and organising awareness camps on health & hygiene

·       MoU Signed by Navi Mumbai Unit to provide heavy equipment like lathe machines, welding machines & DG set to Government ITI, Panvel, in Raigad district, Maharashtra

·       Civil surveying equipment being handed over by to the Principal of the adopted Government ITI, Panvel, in Raigad district, Maharashtra

·       MoU signed by Pune Unit for skill enhancement of students by providing required tools & machines to Government ITI, Mulshi, in Pune district, Maharashtra

·       Motorised sewing machines handed over by Pune Unit to the Principal of the adopted Government ITI, Mulshi, in Pune district, Maharashtra

·       Construction of Government Senior Secondary School building, CC roads & panchayat platform, providing clean drinking water & sanitation facilities at Mandhana village in Panchkula district, Haryana, by Panchkula Unit

·       MoU signed by Panchkula Unit to facilitate upgradation of infrastructure, capacity building of faculty & students & supply of essential tools and machinery to Government ITI, Raipur Rani, in Panchkula district

·       Construction of Government Senior Secondary School building, installation of solar street lights, desilting of pond at Azhividaithangi village in Thiruvannamalai district, Tamil Nadu, by Chennai Unit

·       MoU signed by Chennai Unit to facilitate upgradation of infrastructure & supply of essential tools and machinery to Government ITI, Guindy, in Chennai, Tamil Nadu

·       Construction of water tank, yatri-shed, installation of solar street lights & awareness programmes on health & sanitation at Uday Rampur village in Kotdwara district, Uttarakhand, by Kotdwara Unit

·       MoU signed by Kotdwara Unit to facilitate upgradation of infrastructure & supply of measuring instruments & accessories, essential tools and machinery to Government ITI, Kotdwara, Uttarakhand

·       Construction of CC roads, overhead tank, water supply lines, borewells & pumps, water filtration system & installation of LED street lights at R N Agraharam village in Krishna district, Andhra Pradesh by Machilipatnam Unit

·       Installation of Street Lighting & Surveillance System at IALA Industrial Estate by Hyderabad Unit

·       Construction of borewells, storage tanks, water distribution pipelines and RO drinking water plant at Chowdammagutta Thanda village in Mehaboobnagar district, Telangana by Hyderabad Unit

AWARDS

•        RM Award for Excellence in Performance, Export, Import Substitution & Design Effort

•        Dun & Bradstreet Corporate Award 2016 in Electrical & Electronics category

•        Dainik Bhaskar India Pride Award for the year 2016-17 in the ‘Defence’ category

•        India Skill Award - 2016 in recognition of augmenting skill development process from the Ministry of Skill Development & Entrepreneurship

•        ‘PSE Excellence Awards 2015’, in Operational Performance Excellence, R&D, Technology Development and Innovation, Corporate Governance and HR Management Excellence from  the Indian Chamber of Commerce

OUTLOOK FOR THE FUTURE

·       BEL to continue indigenisation efforts in line with ‘Make in India’ initiative

·       Radars, Missile Systems, Communication & Network Centric Systems, Tank Electronics, Gun Upgrades, Electro-Optic Systems and Electronic Warfare & Avionics Systems to drive BEL’s growth

·       Capacity enhancement and creation of new test facilities for Defence business

·       Company pursuing business opportunities in Solar Energy, Homeland Security, Smart Cities, Smart Cards and Telecom 

·       Strategies and action plans in place to face competition, maintain technological edge and retain leadership position in strategic electronics

Samsung Redefines TV Picture & Design With the Launch of QLED TV in India

Bangalore, India – May 24, 2017 – Samsung Electronics today unveiled its flagship premium line-up of QLED TVs in Bangalore and showcased its innovative TV, The Frame, redefining the future of home entertainment with cutting-edge TV technology and style.

The ‘TV of Light’, a name given to Samsung QLED TV for its delivery of optimal brightness levels and stunning visual experience, is ushering in a new era of televisions and transforming the living room of tomorrow with its focus on the lifestyle TV concept. With this, India’s number one TV brand will further consolidate its leadership in the market.

QLED TVs come with four global first innovations. They achieve 100% Colour Volume, the HDR 2000 functionality brings out hidden details, an Invisible Connection keeps your living room clutter free and One Remote Control offers an intuitive experience. Along with these, the No Gap Wall-mount and the optional easel-like Studio Stand light up the aesthetics of your home. Fusing a slim, sleek and premium metal body with a nearly bezel-less display, QLED TVs set the tone for exceptional sophistication.

Samsung also showcased its newest innovation – The Frame. Instead of fading to black like a conventional TV, The Frame’s display transforms into a work of art, letting users select from a collection of more than 100 art pieces in 10 different categories, including landscape, architecture, wildlife, action, drawing and more. Paired with numerous options for art layouts and colours, as well as customizable accessory options including interchangeable bezels and an optional Studio Stand, it truly complements the user’s living space. 

“QLED TV, powered by Samsung’s quantum dot technology, provides true-to-life images that no other TV can match. It empowers you to think about the television in a new way, bringing art and entertainment into new parts of your home. The QLED TV is as beautiful when turned off as it is when it’s on and will help us grow the demand for premium TVs as well as our market share in India even further,” said Mr. Rajeev Bhutani, Vice President, Consumer Electronics Business, Samsung India.

QLED TVs have been designed with the consumer in mind and focus on addressing three key consumer pain points through solutions known as Q Picture, Q Style and Q Smart.

Q Picture: Turns Light into Perfect Colour

The newly-announced QLED TV takes quantum dot technology to the next level with advancements in light efficiency, stability and a wider colour spectrum. With new metal alloy quantum dots, the QLED TV addresses all major aspects of picture quality, including Colour Volume, brightness, bold contrast and viewing angle. QLED TV can express accurate colour and achieves a 100% Colour Volume – the highest in the market today, earning accreditation from Verband Deutscher Elektrotechniker (VDE), one of Europe’s largest technical-scientific associations.

QLED TV’s advanced HDR 2000 functionality allows users to see every hidden detail as it was meant to be seen, with no loss or distortion of colour. In addition, QLED TV’s rich, deep black levels and bold contrast provide a consistent viewing experience regardless of a room’s lighting.

Q Style: Design Your Space

This year, Samsung introduced new design elements that can fit into any home regardless of the interior aesthetics or setup. The all-new Invisible Connection cable helps manage unsightly cords and clutter with a refined, single cord system. Consumers can now design their space with a single optical cable that brings all devices together, reclaiming the living room space once occupied by set-top boxes and external devices.

Samsung has also introduced the No Gap Wall-mount, which brings the TV flush against the wall, closer than ever before. For those who do not wish to mount their TV onto the wall, there is also a range of Samsung TV stands. Consumers can use the stylish metal stand that accompanies the TV or buy the Studio Stand that is designed like an easel and is an ideal accompaniment for any artist-inspired living space.

Q Smart: Control Devices and Content with One Remote Control

Samsung is focused on the continued evolution of its much-lauded Smart TV offering, giving people the simple, unified user experience they want for all their entertainment content. With the Samsung One Remote, consumers can control most connected TV devices with just one remote control. The enhanced Samsung One Remote now supports more devices and offers voice control capabilities across more Smart TV features.

In addition, Samsung’s latest Smart View App allows users to seamlessly share content from their smartphone to the TV. Users can enjoy a more personalized experience with the new ‘Smart Hub’ interface on the ‘Smart View’ app. The Smart View app supports both Android and iOS mobile devices.

QLED TVs will be launched in three series, Q9, Q8 and Q7, in 55 inches (138 cm), 65 inches (163 cm), 75 inches (189 cm) and 88 inches (223 cm), starting May 2017. QLED TVs will be priced between

INR 3,14,900 and INR 24,99,900 in India.

Consumers can pre-book their QLED TVs between May 2 and May 21 to avail the special pre-book offer of a free Samsung Galaxy S8+ (Gold). For more details on the pre-book offer, consumers can visit: www.samsung.com/in/microsite/qledtv/

OYO Townhouse debuts in Bengaluru

Bengaluru, May 22, 2017: OYO, India’s largest and most innovative hospitality company, today introduced its mid-market offering OYO Townhouse in Bengaluru. With the first Townhouse in Karnataka, OYO will break new ground as a true category innovator through an offering that combines experience and value at a scale that has never been attempted before in the hospitality landscape.

After its maiden Townhouse in the Garden City at Indira Nagar, OYO plans to expand Townhouse hotels at other popular locations in the city including Koramangala, MG Road, Trinity Circle and Marathahalli. Priced at INR 2500 and upwards, Townhouse provides a unique hospitality experience in the heart of popular neighbourhoods. By the end of year 2017, OYO will establish 25 Townhouse properties in and around Bengaluru.

Speaking at the occasion Mr. Abhinav Sinha, COO-OYO said, “OYO Townhouse utilizes our state-of-the art technology and patented processes to deliver a unique hospitality experience. Townhouse’s “neighbourhood” connect is a result of understanding that Millennials like to switch seamlessly from work to play. They want freedom to choose, change and decide at a moment’s notice, but that flexibility is not extended to quality and consistency of service, which remains non-negotiable. Travel and hospitality are at the heart of this ‘planning paradox’.”

The hospitality industry in India suffers from a major disconnect between demand and supply of quality living space, forcing travellers and city-dwellers to compromise on decision variables of location, comfort and pricing. OYO Townhouse addresses this gap by creating a perfect equilibrium between location, comfort and pricing using OYO’s proprietary technology and skilled talent pool of hospitality experts. OYO undertakes complete operations of these units along with interior and exterior construction with a group of highly qualified architects and structural engineers.

OYO entered Karnataka in September 2014 and today partners 500 hotels with over 6000 rooms in the standardized budget segment. OYO’s offerings have been very well-received in Bengaluru - a hub of cosmopolitan culture in India. Karnataka itself is home to more than 80 Fortune 500 companies and over 700 multinationals. The Townhouse concept of home, cafe and shopping experience delivered at hotels in exciting and accessible locations will attract the growing class of young millennial students and workers in the state.

Abhinav added, “We pride ourselves on our innovation-first approach to enabling greater convenience and predictability in the accommodation sector. We are extremely excited about this opportunity to present the modern face of hospitality to travellers in Karnataka.  One just has to think of breaking away from routine on impulse and with Townhouse, a neighbourhood destination is there in one’s reach. It gives me great pride to share today that we are also entering into a partnership with KTDC to operate a few of the Jungle Lodge Resort (JLR) properties. Now a reliable OYO experience awaits you at JLR!”

OYO is the global pioneer of a new business model that was developed in India, where-in the company partnered with hotels to standardize and transform their rooms to deliver a hassle-free experience to guests. It pioneered the use of technology in budget-hotel operations and created a new kind of a hospitality company. In a little over 3 years since launch, OYO has become India’s largest hospitality company. With its promise of standardized and predictable stays, it caters to the impulse-planning behavior displayed by millennial traveller. OYO has several consumer friendly touch-points such as the OYO App which allows guests to control every aspect of their experience - from booking hotel and cabs to ordering food - from their smartphone. Recently, the company introduced OYO Captains, a unique concierge service to ensure smooth travelling and on-stay experience. OYO currently operates over 70,000 rooms in 200 cities in India, Malaysia and Nepal.

About OYO:

Founded in 2013, OYO is today India’s largest hospitality company operating 7000 hotels and 70,000 rooms in more than 200 Indian cities. These include major metros, regional hubs, top leisure destinations as well as pilgrimage towns. OYO is also present in Malaysia and Nepal.  In January 2017, OYO launched Townhouse - a managed hotel-brand designed to function as social hotspots to cater to city dwellers and a new generation of guests.

https://www.youtube.com/watch?v=CVMQgODN9KI

OYO was recently chosen as India’s Most Promising Hotel Network (HolidayIQ Better Holiday Awards 2017) and has received several accolades such as Express IT Startup of the Year Award (2015), NDTV Dream Chaser of the Year (2016) and IAMAI Digital Startup of the Year (2016). It was recognized by Business Today as among the Coolest Startups in India (2016) and has been ranked by LinkedIn as one of the top employee attractors in India two years in a row (2016, 2017). OYO is backed by leading global investors, including the SoftBank Group, Greenoak Capital, Sequoia Capital and Lightspeed India.