ECD segment revenue in Q2FY21 grew ~13% YoY supported by a strong demand recovery post easing of lockdown restrictions. Product wise, appliances, fans, Morphy Richards (MR) revenue grew 14%, 20% and 12% YoY, respectively, while lighting revenues reached pre-Covid levels in Q2FY21. The faster recovery was supported by BEL's strong presence in suburban, rural markets and market share gains. On the project business, closure of about eight to nine projects in Bihar help drive revenue up 8% YoY. BEL has changed its strategy to bid only transmission line towers (TLT),...