Under the deal, BEL will handle front-end requirements in the market and support localisation of projects, while Smiths Detection will provide screening tech
Healthy order book, tender pipeline and margin improvement are positives
Order book, pipeline offer medium-term revenue visibility
Bengaluru-based Bharat Electronic Limited (BEL) has begun manufacturing 30,000 ventilators for intensive care units across the country
Existing defence orders in execution stage to remain BEL's earning drivers, while BEML to also gain from railway projects
Dependent on defence capex, the company is also unlikely to be impacted by coronavirus-led disruption
BHEL, BEL to develop products for defence, non-defence applications
The government currently holds 74.41%