Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget
Budget 2011-2012 Home
Industry Expectations - Budget 2011-2012
Industry Reactions - Budget 2011-2012
Budget 2010-2011
Budget 2010-2011 Home
Industry Expectations - Budget 2010-2011
Industry Reactions - Budget 2010-2011
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
S A A R T H I
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
SEBI
Trading of Securities
Transfer of Securities
Your Rights
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
IPOs
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Research
Arbitrages
Equity
Market Whispers
Tax Planning
Home
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
Stock Report

| More

Kalyani Group and Israel Aerospace Industries to incorporate a JV in India to Manufacture Specific Air Defense Systems

Posted On: 2017-02-15 21:19:09

Kalyani Strategic Systems Ltd. (KSSL), the defense arm of Kalyani Group and Israel Aerospace Industries, Ltd. (IAI) signed a Memorandum of Understanding (MOU) to incorporate a Joint Venture Company (JVC) in India. As part of the MOU IAI and KSSL are aiming to expand their presence in the Indian defense market and to Build, Market and Manufacture specific Air Defense Systems and Ground to Ground & Ground to Sea Munitions.

The MOU was signed in Bangalore, India, at the Aero-India exhibition by Joseph Weiss, IAI's President and CEO and Baba Kalyani, Chairman Kalyani Group.

The MOU is the first step of a process to establish a JVC between the two companies. The JVC will integrate strategic state-of-the-art defense systems for the Indian MOD in accordance with the Indian Government's 'Make in India' policy.

Baba Kalyani, Chairman Kalyani Group said "The joint venture company will combine IAI's advanced technology, knowledge and experience as an OEM with world class design, development and manufacturing capabilities of the Kalyani Group. The joint venture will provide indigenously manufactured solutions in niche technology areas of defense sector, thereby furthering the 'Make in India' initiative of the government".

Joseph Weiss, IAI's President and CEO said: "We are excited to announce the next step in our partnership in India, one of IAI's leading markets. This collaboration brings together the manufacturing and technology excellence of two leading companies and we hope we can continue with our partners at KSSL to spread our footprint in India and to continue our vast work with the 'Make in India' policy".

Rajinder Singh Bhatia, President & CEO, Defence & Aerospace, Kalyani Group said: "Kalyani Group's manufacturing competence is well suited to complement IAI's products in niche segments. Together, we shall provide the most advanced solutions to our armed forces".

Boaz Levi, Executive Vice President and General Manager of Systems, Missiles & Space Group said: "IAI's missiles and space Group has long relations in the Indian defense forces and industries and we are happy to join hands with Kalyani Group, one of India's leading companies to explore future opportunities for both countries strength".

Shares of BHARAT FORGE LTD. was last trading in BSE at Rs.1018.25 as compared to the previous close of Rs. 1038.9. The total number of shares traded during the day was 82516 in over 3712 trades.

The stock hit an intraday high of Rs. 1050 and intraday low of 1011.05. The net turnover during the day was Rs. 85105536.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

MT Educare gets long term debt facility from Xander
CHD Developers Ltd Board to consider Dividend for 2016-17
POCL Enterprises Ltd Board to consider Dividend for 2016-17
Engineers India Ltd Board recommends Final Dividend of Rs. 0.50 for 2016-17
Dhunseri Tea & Industries Ltd Board recommends Dividend of Rs. 8 for 2016-17
Onward Technologies Ltd Board recommends Final Dividend of Rs. 1 for 2016-17
Veto Switchgears and Cables Ltd Board to consider Final Dividend for 2016-17
Banco Products India Ltd Board recommends Final Dividend of Rs. 4 for 2016-17
Vishal Fabrics Ltd Board to consider Sub division / Stock Split
Entertainment Network India Ltd discontinues FM radio station at Panaji
Munjal Auto Industries Ltd Board approves Dividend of Rs. 2 for 2016-17
Polymac Thermoformers Ltd Board to consider Dividend for 2016-17
Munjal Auto Industries Ltd Board recommends 1:1 Bonus Issue
Zodiac Clothing Company Ltd Board to consider Dividend for 2016-17
MOIL Ltd Board to consider Final Dividend
Ganesha Ecosphere Ltd Board recommends Dividend of Rs. 1.20 for 2016-17
Precision Camshafts Ltd Board recommends Final Dividend of Rs. 1.50 for 2016-17
Sharda Motor Industries Ltd Board to consider Dividend for 2016-17
KLRF Ltd Board to consider Dividend for 2016-17
KIFS Financial Services Ltd Board recommends Final Dividend of Rs. 0.90 for 2016-17
SRF Ltd Board approves Capital Expenditure proposal
Mindteck India Ltd Board recommends Dividend of Rs. 1 for 2016-17
Lakshmi Machine Works Ltd Board recommends Dividend of Rs. 35 for 2016-17
PTC India Financial Services Ltd Board recommends Dividend of Rs. 1.50 for 2016-17
Aegis Logistics Ltd Board to consider Final Dividend for 2016-17
Tree House Education & Accessories Ltd Board to consider Dividend for 2016-17
JVL Agro Industries Ltd Board to consider Final Dividend for 2016-17
Dalal Street Investments Ltd Board to consider Dividend for 2016-17
ISGEC Heavy Engineering Ltd Board to consider Dividend for 2016-17
Shree Hanuman Sugar & Industries Ltd calls for Board Meeting on May 30, 2017
Arex Industries Ltd Board recommends Dividend of Rs. 2 for 2016-17
Swiss Glascoat Equipments Ltd calls for Board Meeting on May 29, 2017
Marvel Vinyls Ltd Board to consider Dividend for 2016-17
Amines & Plasticizers Ltd Board to consider Dividend for 2016-17
Godrej Industries Ltd Board recommends Dividend of Rs. 1.75 for 2016-17
AMTL Q4 FY17 revenue grows 17%
Texmaco Infrastructure & Holdings Ltd Board recommends Dividend of Rs. 0.20 for 2016-17
Harrisons Malayalam Ltd calls for Board Meeting On May 29, 2017
Vama Industries Ltd Board to consider Final Dividend for 2016-17
Mangalam Seeds Ltd Board to consider Final Dividend & Bonus Issue
Kaycee Industries Ltd Board to consider Dividend for 2016-17
Anik Industries Ltd Board to consider Dividend for 2016-17
SMS Pharmaceuticals Ltd Board to consider Dividend for 2016-17
Steelcast Ltd Board recommends Dividend of Rs. 0.60 for 2016-17
Dwarikesh Sugar Industries Ltd calls for Board Meeting on Friday, June 02, 2107
Oceanaa Biotek Industries Ltd calls for Board Meeting On 30Th May, 2017
PBM Polytex Ltd Board to consider Dividend for 2016-17
ZF Steering Gear India Ltd Board to consider Dividend for 2016-17
Power Mech Projects Ltd Board to consider Final Dividend for 2016-17
KCP Ltd Board recommends Dividend of Rs. 2 for 2016-17


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2017