Navratna Defence PSU Bharat Electronics Ltd (BEL) has been conferred with four PSE Excellence Awards (2017), instituted by the Indian Chamber of Commerce (ICC): ‘Company of The Year’ award and 3 more awards in the Maharatna & Navratna category for ‘Human Resource Management Excellence’, ‘R&D, Technology Development & Innovation’, and ‘Operational Performance Excellence’.
The awards were received on behalf of BEL by Mr M M Joshi, Executive Director (National Marketing), BEL, from Dr Ajay Dua, former Secretary, Ministry of Commerce, Government of India, at the awards ceremony held on August 29, 2018, at New Delhi.
The award citation for the ‘Company of the Year’ award describes BEL as ‘not only a successful business story, but also an organisation which cares for its people and the society’. On the Human Resource Management front, BEL has formulated its HR policies with care to ensure retention of competent human resources and develop high commitment and a sense of belongingness to the Company. Research & Development has been one of BEL’s core strengths. The Company’s investments in R&D — Rs.988 crores, has paid off as 89% of BEL’s turnover in 2017-18 accrued from indigenous technology. The motto of BEL is Quality, Technology, Innovation and the Company has been maintaining its edge as the country’s leader in Defence electronics due to its technological prowess and the emphasis that it lays on Quality and Innovation.