BEL Well Placed to Benefit from India’s Defence Indigenisation Initiative

Of the 101 defence equipment items banned for import by the defence ministry, BEL is capable of taking care of 55. The company has submitted an expression of interest (EoI) and 23 items are under advanced stages of indigenisation

Leading defence suppliers such as Bharat Electronics Ltd (BEL) have been in focus with the government’s increasing emphasis on Atmanirbhar Bharat. The standoff with China had also meant that the Centre will look at hiking defence allocation, driving order flows, and benefitting companies as Bharat Electronics (BEL). The stock, therefore, not only has more than doubled since the lows of March but continues to gain. With a nearly 4% rise in early deals on Monday, the BEL stock is near its 52-week high. Read More…