BEL signs Moli with MIL

Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed an MoU with Munitions India Limited (MIL), a Defence PSU, to jointly address the requirements of Indian Defence and Export markets in the areas of Ammunition, Explosives and related systems.

Mr Bhanu Prakash Srivastava, Director (Other Units), BEL, and Mr S K Rout, Director (Operations), MIL, exchanged the MoU documents at Defexpo today in the presence of Mr Ravi Kant, CMD, MIL, Mr Joydeep Majumder, Executive Director, BEL and other senior officers of BEL and MIL.

The MoU aims at leveraging the complementary strengths and capabilities of BEL and MIL and strengthens the spirit of the Make In India initiative of Government of India, for achieving self-reliance in Defence Sector. The co-operation will enable the companies to jointly address the domestic and Export opportunities in the areas of Ammunition, Explosives and related systems and sub systems.

Shares of Bharat Electronics Limited was last trading in BSE at Rs. 105.95 as compared to the previous close of Rs. 101.85. The total number of shares traded during the day was 1078989 in over 11715 trades.

The stock hit an intraday high of Rs. 106.80 and intraday low of 102.05. The net turnover during the day was Rs. 113346861.00.

Source : Equity Bulls

Keywords

BharatElectronics INE263A01024 BEL Defence MoU MunitionsIndia