BEL’s FY24 margin guidance of 21-23% is intact; exceeded sales guidance: Bhanu Prakash Srivastava

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Key Points

Bhanu Prakash Srivastava, CMD, BEL, says we have already reached close to around Rs 23,200 crore, which is higher than the annual sales guidance we have given..

With these orders that you have surpassed the earlier sales guidance of Rs 20,000 crore and auto inflow at Rs 23,000 crore now..

I definitely envisage orders to be around Rs 25,000 crore plus but in these defence orders, now only three months are left out..

Also talk to us about the non-defence space, metro rail projects, even EVs for that matter because EVs were one important thing for you just ahead of elections...

In non-defence, though we are diversifying in civil aviation field, rail and metro fields, some other areas also like cyber security, software as a business, homeland security, these are the areas where non-defence we are working..