BEL Ltd [Bharat Electronics Ltd] share Fundamental Analysis with Honeywell Automation Ltd

Описание: Bharat Electronics Limited was founded in Bengaluru, Karnataka, India in 1954.[4]

Starting with the manufacture of a few communication equipment in 1956, BEL started producing receiving valves in 1961, germanium semiconductors in 1962 and radio transmitters for AIR in 1964.

In 1966, BEL set up a radar manufacturing facility for the army and in-house R&D. In 1967, BEL began manufacturing transmitting tubes, silicon devices and integrated circuits. The PCB manufacturing facility was established in 1968.
In 1970, BEL started making black & white TV picture tubes, X-ray tubes and microwave tubes. In 1971, BEL set up facilities for the manufacture of integrated circuits and hybrid micro circuits. 1972, BEL established manufacturing facilities for TV transmitters for Doordarshan. In 1973, BEL began manufacturing frigate radars for the navy.
Under the government's policy of decentralisation and due to strategic reasons, BEL set up new units at different location across the country. The second unit of BEL was set up at Ghaziabad in 1974 to manufacture radars and Tropo communication equipment for the Indian Air Force. The third unit was established at Pune in 1979 to manufacture image converter and image intensifier tubes.

In 1980, the first overseas office of BEL was set up in New York for the procurement of components and materials.
In 1981, a manufacturing facility for magnesium manganese dioxide batteries was set up at Pune. The Space Electronic Division was set up at Bangalore to support the satellite programmes in 1982. That year, BEL achieved a turnover of Rs. 1 billion (US$21 million).
In 1983, the Andhra Scientific Company (ASCO) was taken over by BEL converted it to its fourth manufacturing unit at Machilipatnam.
In 1985, the fifth unit was set up in Chennai for supply of tank electronics, with proximity to Heavy Vehicles Factory, Chennai of the Ordnance Factory Board. The sixth unit was set up at Panchkula the same year to manufacture military communication equipment.
In 1986, BEL set up three units. Its seventh unit was set up at Kotdwara to manufacture switching equipment, the eighth unit to manufacture TV glass shell at Taloja (Navi Mumbai) and the ninth unit at Hyderabad to manufacture electronic warfare equipment.
In 1987, a separate Naval Equipment Division was set up at Bangalore to give greater focus to naval projects. The first Central Research Laboratory was established at Bangalore in 1988 to focus on futuristic research and development.
In 1989, BEL started manufacturing telecom switching and transmission systems and also the set up the Mass Manufacturing Facility in Bangalore and the manufacture of the first batch of 75,000 electronic voting machines.
The agreement for setting up BEL's first joint venture company, BE DELFT, with M/s Delft of Holland, was signed in 1990. This later became a subsidiary of BEL with the exit of the foreign partner and has been renamed BEL Optronic Devices Limited.

Honeywell Automation India Limited (HAIL) is a ~$350 million+ company listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). It was incorporated in India in 1984 and its registered office in Hadapsar, Pune. HAIL is a leader in providing integrated automation and software solutions, including process solutions and building solutions. It has a wide product portfolio in environmental and combustion controls, and sensing and control, and also provides engineering services in the field of automation and control to global clients. A Fortune India 500 company, HAIL has more than 3,000 employees across India – Pune, Bangalore, Hyderabad, Mumbai, Chennai, Gurgaon, Kolkata, Jamshedpur and Vadodara.


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