ICICI Securities Ltd | Retail Equity Research We attended the analyst meet of Bharat Electronics (BEL) to get an insight into the pace of development in the Indian defence space. The management acknowledged that the pace of decision making has improved over the past several months. The same is also visible from BEL's order inflows of | 17,094 crore in FY16, which is a significant 79% increase over last year (order backlog | 21,617 crore in FY15). The management sounded positive on the order inflows in FY17E and guided...