Business Daily from THE HINDU group of publications Tuesday, May 08, 2007 ePaper |
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Corporate
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Diversification Panel urges BEL to diversify Our Bureau
New Delhi May 7 Expressing concern over the State-owned Bharat Electronics Ltd's falling order-book position, a high-level Parliamentary panel has asked the public sector enterprises to scout for new diversification opportunities. "The company is faced with a huge order drop from armed forces, its prime market," according to the Parliamentary Standing Committee on Defence, which has asked it to look at a diversified market opportunities in civil aviation, shipping and railways. The Committee, which has undertaken a critical review of BEL, in a report tabled in Parliament, asked the company to go in for production of specialised detectors to aid private and police and para-military organisation in checking drug trafficking.
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