Bharat Electronics Ltd (BEL), a central public sector enterprise is into aerospace and defence electronics. BEL plans to invest Rs 2,500 crore in the next three years towards setting up two new manufacturing plants in the state of Andhra Pradesh. The company has so far invested Rs 600 crore in capex.. The first unit is coming up at Ananthapur that will make Radio Frequency Seekers for missiles. The second unit is being set up at Machilipatnam plant that will manufacture new generation electro-optic equipment. The construction on both the facilities have started and completion is targeted in 18 months. The funding is planned through internal accruals.
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