Strong order book but execution revival key to growth During Q3FY20, BEL has bagged significant orders such as AMC for Akash Missile System, Coastal Surveillance system and repair facility for navy, etc. The company continues to have a strong order book and order inflows, Q3FY20 order inflows came in at | 1260 crore while 9MFY20 order inflows were at | 10333 crore. While orders expected in Q4FY20E include coastal surveillance systems. Execution shift of a few projects suggests lumpiness in Q4FY20. Going ahead, traction in execution and a favourable product mix...