Laozi
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LR-SAM, Akash orderbook at $2 bn; 15-17% margin sustainable:
BEL LR-SAM and Akash missile system orders could be nearly worth USD 2 billion, adding roughly Rs 13,000 crore to total orderbook in the coming quarters, says MV Gowtama, Chief Managing Director of BEL.
MV Gowtama (more) CMD, Bharat Electronics Limited | The orders for LR-SAM and Akash missile system can be worth nearly USD 1 billion each, adding roughly Rs 13,000 crore to BEL 's total order book in the coming quarters, says Chairman and Managing Director MV Gowtama. The current orderbook is around Rs 34,000 crore.
While negotiations for Akash is underway and expected to be completed soon, the negotiations for LRSAM is expected to conclude by March. The company currently has margin of around 18-19 percent. But Gowtama says it is not sustainable. A 15-17-percent margin is achievable, he says in an interview to CNBC-TV18. Gowtama expects double-digit growth in defence over the next 10 years backed by India's focus on self-reliance in defence. He said the company is investing heavily into R&D with about 10 percent of revenues going into research.
The company is also heavily ramping up execution capabilities. Below is the verbatim transcript of MV Gowtama's interview to Latha Venkatesh, Sonia Shenoy and Anuj Singhal on CNBC-TV18.
Anuj: ......
http://www.moneycontrol.com/news/bu...-bn-15-17-margin-sustainable-bel_8537401.html
BEL LR-SAM and Akash missile system orders could be nearly worth USD 2 billion, adding roughly Rs 13,000 crore to total orderbook in the coming quarters, says MV Gowtama, Chief Managing Director of BEL.
MV Gowtama (more) CMD, Bharat Electronics Limited | The orders for LR-SAM and Akash missile system can be worth nearly USD 1 billion each, adding roughly Rs 13,000 crore to BEL 's total order book in the coming quarters, says Chairman and Managing Director MV Gowtama. The current orderbook is around Rs 34,000 crore.
While negotiations for Akash is underway and expected to be completed soon, the negotiations for LRSAM is expected to conclude by March. The company currently has margin of around 18-19 percent. But Gowtama says it is not sustainable. A 15-17-percent margin is achievable, he says in an interview to CNBC-TV18. Gowtama expects double-digit growth in defence over the next 10 years backed by India's focus on self-reliance in defence. He said the company is investing heavily into R&D with about 10 percent of revenues going into research.
The company is also heavily ramping up execution capabilities. Below is the verbatim transcript of MV Gowtama's interview to Latha Venkatesh, Sonia Shenoy and Anuj Singhal on CNBC-TV18.
Anuj: ......
http://www.moneycontrol.com/news/bu...-bn-15-17-margin-sustainable-bel_8537401.html
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