$BEL

Bharat Electronics Ltd. (BEL) is set to introduce a formal indigenisation policy as part of its strategy to significantly reduce dependence on imported components over the next five years. Speaking during the company's Q1 FY27 earnings call, Chairman and Managing Director Manoj Jain said BEL aims to replace imported radio frequency (RF), microwave, computing, and other subsystem modules with indigenous alternatives. The company plans to complete the necessary verification, validation, and certification processes to ensure that the locally developed modules serve as form-fit replacements without compromising performance or quality. We are coming out with our indigenisation policy formally. We are allocating special budgets for this indigenisation drive and have received strong support from the industry. Our MSMEs and startups are also aligning with us to support this initiative. For the June quarter, BEL reported a 25.3% year-on-year increase in revenue to Rs 5,533 crore, while net profit rose 8.2% to Rs 1,048 crore. As of July 1, 2026, the company's order book stood at Rs 72,258 crore, supported by fresh order inflows of Rs 3,754 crore during the quarter. BEL has maintained an order inflow guidance of more than Rs 55,000 crore for FY27.