Bengaluru: Navratna Defense PSU Bharat Electronics Limited (BEL) has been selected as “Star PSU” among all PSUs in the country by an eminent jury assembled to select the winners of the “Business Standard Annual Awards for Corporate Excellence 2021”.
BEL was chosen by the jury for the honor for its “consistent performance on various financial metrics – sales growth, profit growth, etc. BEL, the jury observed, has proven its enormous potential with outstanding financial metrics, facing competition from the private sector and its peers, all of which has led to a significant increase in its market valuation over the past three years.
The eight-member high-level jury, chaired by Aditya Birla Group Chairman, Kumar Mangalam Birla, included JSW Group Chairman, Sajjan Jindal, KKR India Senior Advisor, Sanjay Nayar, Founder and Managing Partner of AZB & Partners, Zia Mody, EY India Chairman, Rajiv Memani, McKinsey. & Company Senior Partner Noshir Kaka, Cyril Amarchand Mangaldas Managing Partner Cyril Shroff and Bain Capital Private Equity Chairman Amit Chandra.
Contribution to society during the COVID pandemic; environmental, social and governance (ESG) standards; steer the ship in a crisis; and consistent performance were the key words that figured prominently in the jury’s deliberations.
BEL is a multi-product, multi-technology and multi-unit conglomerate with products in the fields of radars, missile systems, military communications, naval systems, electronic warfare and avionics, C4I systems , electro-optics, tank electronics and gun/weapon system. Upgrades and Electronic Rockets in the Defense segment.
BEL’s non-defense business segment includes areas such as electronic voting machines (EVM), homeland security and smart cities, air traffic controller radars, solar power, integration by satellite and space electronics, railways, artificial intelligence, cybersecurity, software as a service, energy storage products, in addition to composite shelters and masts.