Raksha Mantri ShriRajnath Singh has approved setting up of a Committee under the Chairmanship of Director General (Acquisition) to review the Defence Procurement Procedure (DPP) 2016 and Defence Procurement Manual (DPM) 2009. The Committee will revise and align the procedures with the aim of ensuring seamless flow from asset acquisition to life cycle support.
Navratna Defence PSU Bharat Electronics Limited (BEL) has during the second quarter of FY 2018-19, achieved a robust growth in turnover and consequently recorded a healthy growth in profit as compared to the 1stquarter of current year and corresponding quarter of the previous year.
The company has achieved a turnover of Rs. 3282.40 crore, during the 2ndquarter of FY 2018-19, registering a growth of about 35 %, over the turnover of Rs. 2431.73 crore recorded in the corresponding period of the previous year.