Bharat Dynamics Ltd (BDL) has targeted revenue of Rs 5,300 crore from operations in the current financial year, up 20 per cent compared to the previous fiscal.
The Hyderabad-based company outlined its targets and various performance parameters for 2017-18 in an MoU it signed with the defence ministry.
The 'miniratna' defence PSU has planned to set up a five MW solar plant at its upcoming unit at Ibrahimpatnam in Telangana, according to a BDL statement.
The company, eyeing a 20 per cent rise over FY17 in revenue from operations at Rs 5,300 crore in FY18, has laid substantial emphasis on R&D in pursuit of self-reliance, it said.
The MoU was inked by BDL Chairman and Managing Director V Udaya Bhaskar and secretary (Defence Production), Ashok Kumar Gupta in New Delhi yesterday.
BDL was established in 1970 to be a manufacturing base for guided missiles and allied defence equipment.