Tuesday, February 8 2005 15:19 Hrs (IST) - World Time -

Bangalore: Public sector defence equipment major Bharat Electronics Ltd (BEL) today (Feb 8, 2005) said it has begun exports of the Battlefield Surveillance Radar (BFSR) to Indonesia and Sudan and aims to achieve total business of $ 15 million this fiscal.

"We have signed a contract with Sudan for 10 radars and for Indonesia we have delivered two BFSR's", BEL Chairman Y Gopal Rao told reporters in Bangalore.

BEL had registered a total export of $ 9 million during 2003-04, he said. The BFSR (Short Range) is radar developed indigenously by the Bangalore-based Electronics and Radar Development Establishment (LRDE), a DRDO unit, and manufactured by BEL.

BEL last April bagged Rs 551 crore order to supply 1,176 units of BFSR (SR) for the Indian Army.

"We delivered the two BFSR to Indonesia even before we started delivering the radar to the Army," Rao said.

The other export contracts signed during this year include a Rs 10 crore deal to supply solar modules to Sudan an $ 1.8 million order for building solar traffic signal system for Surinam.

"There has been serious efforts to improve our exports in both defence and civilian products," he said.

Seventy-three per cent of our business is from the defence, and the rest is from the civilian side both in domestic and overseas markets.

"Two third of our revenues come from products developed indigenously by BEL, DRDO and other labs," Rao said.

BEL, he said, has set a revenue target of over Rs 3,200 crore in 2004-05 as against revenues of Rs 2,798 crore last fiscal.