Hyderabad, Jun 26(PTI)Bharat Dynamic Limited (BDL) expects Akash-II missile order worth about Rs 14,000 crore in the next couple of years from the central government,said a top official of theDefence PSU.
Chairman and Managing Director of BDL, VUday Bhasker also said the current order of Akash will be completed in the next two years and expected to have five growth in revenues during the next two years.
Last year the PSU clocked Rs 4579 crore.
"We are tryinghave a five per centannualgrowth in the coming couple of years. After that we areexpectingto have a much bigger growthbecause weexpectto have some high value orders. AkashIIregiments isthenew order. TheDAC( Defence Acquisition Council)hasclearedit."
"That(new)order, weneed to supply from2020-21 onwards.The order is for a few years. It will be a bigger order, I can't specificallytellthe size of the order. But it will be of the current order size. Currently we hadAkash orderworthRs 14,000 crore in 2012 whenwe received it," Bhasker told PTI.
Akashisan all-weather medium-range surface-to-air missile.
Developed by the DRDO, the missile system has the capability to neutralise aerial targets such as fighter jets, cruise missiles and air-to-surface missiles as well as ballistic missiles.
BDL,in 2011signed a Rs 14,000-crore contract with the Indian Army for the production of Akash.
The present order will be completed in the next two years.
He, however, said theneworderwill have some development componentand ithas togo through some development phase.
The missile should have seeker, which is a specialised instrument which seeks the target, he added.
Replying to a query, the BDL official said he expects five per cent growth in revenues for the next couple of years.
On the upcoming Amaravati facility in Maharashtra, Bhasker said it is expected to commission from thisyear and full scale production will start from 2021.
BDLis also setting up a manufacturing facility in Ibrhimpatnam near Hyderabad.
Thecompany'sproposed Ibrahimapatnam and Amravati manufacturing facilities will be utilised to manufacture new generation of surface-to-air missiles (SAMs), anti-tank guided missiles (ATGMs) respectively.
BDL currently has an order book of Rs 8,860 crores.
Rs 4,500 croreworth of orderswill be executed this yearwhileanother Rs 2000 crores next year.
"However, we are also expecting an order inflow this year. We are expecting around Rs 3000 crores of fresh orders by March this fiscal," he added.
BDL also started exploring overseas markets and exported Torpedoes to some countries.
Citing "sensitivity," theofficial refused to divulge the names of the countries that the product was exported.
Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI