BEL concall
https://www.bseindia.com/xml-data/corpfiling/AttachHis/f32d2ed7-e599-42b4-ab37-d8e5e79ae0ca.pdf
As I told last year also, again, I am telling you it is the indigenization, indigenization of critical technology, indigenization of modules, system, subsystems. That has definitely helped all of us for that. And that's why we are putting all our efforts in increasing this indigenization score for
all of us.
So, one thing is by our own in-house efforts, we have created even a separate indigenization cell in BEL to closely monitor our own development as well as the development done by our MSME and other start-up and other partners. We are closely monitoring and supporting our ecosystem partners to increase this indigenization. The more faster we do indigenization, the more profitable all of us will be. That much I can assure you, it is only and only indigenization, which has really helped all of us.
Indigenous content, as you know nowadays, Government of India policy itself is minimum 60% in all our new projects.
So, we are of the order of 80% to 85% mostly in our indigenous content for various programs. So, it depends upon the different type of product and product mix. Our homegrown products or our DRDO driven products, sometimes that is even 90% also.
Some other programs where still we are depending on TOT, which we have taken a few years back, we are around 55%, 60%, 65%. But overall, it will be more than 80%. And right now, the main limitation which we are foreseeing is the semiconductors only because otherwise module subsystems level, enough infrastructure in India has been created.
So, we are not seeing much challenge for that. But semiconductor, it will take at least a few more years before the semiconductor ICs will start getting from India itself. So that will affect us on the indigenization score slightly. But next 2 to 3 years, between 80% to 85% on an
average indigenous content will be there for our products.
Yes, certainly. So, NGC, there are some so many subsystems of NGC, Next Generation Corvette program, which definitely will come this year. And a few may spill over to next year also, a few subsystems. But at least 50% of the subsystems we are hoping to get this year only
in NGC program.
The Shatrughat and Samaghat EW solutions, we are hoping very, very soon. P-75I, which I listed just before. So, there are a lot many 6 subcomponents within that. So, we are going to get some order for that this year.
HAMMER program, we are expecting very soon.
Shakti Phase IV, we are expecting very soon. MFR-X radar for naval ships also we are expecting very soon. So, these are some of the big-ticket items, which we are going to get mostly in this year itself. A few may spill over to next year. That is '26, '27 and slightly beyond '27, '28, this mix of the projects which I have listed just now to you.