BEL receives export order worth USD 33 million from Elbit Systems subsidiary

Agencies
February 25, 2019

Bengaluru, Feb 25: Navratna Defence PSU Bharat Electronics Ltd (BEL) Monday said it has received export orders valued at about USD 33 million from Elbit Systems Electro-Optics Elop Ltd (ELOP), a subsidiary of Elbit Systems Ltd, Israel.

The export order for the manufacture and supply of state-of-the-art next generation EOIR payloads (CoMPASS Rev III, Trade Mark of ELOP) and another variant of EOIR payload (CoMPASS III, Trade Mark of ELOP) for airborne applications was received during the just concluded Aero India air show here, BEL said.

It said, as part of the 'Make in India' initiative of the Government of India, BEL had already entered into Technical Collaboration Agreement (TCA) with ELOP for the transfer of Technology for the manufacture of these EOIR payloads and for providing lifetime maintenance support at its manufacturing facility at Chennai.

The PSU said it has already established the necessary infrastructure and is supplying the EOIR payloads manufactured at its facilities to domestic and foreign customers.

BEL is augmenting these facilities for meeting the upcoming requirements of variants of EOIR payloads for the domestic and export markets, it said in a release.

Stating that BEL is in a position to manufacture and supply the complete range of EOIR payloads meeting the varied requirements of our armed forces and provide lifetime maintenance support to the users, the company said, in addition, BEL has also become a Global Supply Chain Partner of ELOP, Israel.

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News Network
December 7,2025

Mangaluru, Dec 7: A 34-year-old fruit and vegetable trader in Mangaluru has reportedly lost ₹33.1 lakh after falling victim to an online investment scam run through a fake mobile app.

Police said the scam began in September, when the victim received a link on Facebook. Clicking it connected him to a WhatsApp number, where an unidentified person introduced a high-return investment scheme and instructed him to download an app.

To build trust, the fraudster asked him to invest ₹30,000 on September 24. The trader soon received ₹34,000 as “profit,” convincing him the scheme was genuine. Over the next two months, he transferred money in multiple instalments via Google Pay and IMPS to different scanner codes and bank accounts shared by the scammers. Between September 24 and December 3, he ended up sending a total of ₹33.1 lakh.

When he later requested a refund of his investment and promised returns, the scammers demanded additional payments, claiming he needed to pay a “service tax” first. Even after he paid a small amount, no money was returned, and the scammers continued pressuring him for more.

A case has been registered at the CEN Crime Police Station.

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