🛰️ BEL Ltd — Overview What is BEL? Bharat Electronics Ltd (BEL) is India’s leading defence electronics PSU, supplying advanced systems to the Army, Navy, Air Force, and homeland security. Core Businesses Radars & weapon systems Electronic warfare systems Communication & surveillance systems Missile electronics Civil electronics (railways, smart cities) Strengths High margins vs PSU peers Large & growing defence order book Strong export potential Technology-driven, asset-light Risks Dependence on defence budgets Execution timelines Limited private-sector diversification Simple View: BEL is a quality defence compounder with visibility & margins.