BEL signs MoU with Profense LLC, US

Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed an MoU with Profense LLC, US, for co-operation in the manufacturing and marketing of light weapons. The MoU aims at leveraging the complementary strengths and capabilities of BEL and Profense LLC. It will enable the two companies to jointly develop light weapons for market requirements, current and future.

Mr Manoj Kumar, Executive Director, BEL, and Mr Raaj Nair, Director, India & APAC, Profense LLC, exchanged the MoU signed between BEL and Profense LLC at Defexpo 2022, in the presence of Mr Manoj Jain, Director (R&D), Mr Rudhiramoorthy A, GM (BEL-Navi Mumbai), and other senior officers of BEL.

Shares of Bharat Electronics Limited was last trading in BSE at Rs. 108.30 as compared to the previous close of Rs. 107.05. The total number of shares traded during the day was 1497780 in over 12573 trades.

The stock hit an intraday high of Rs. 109.80 and intraday low of 107.40. The net turnover during the day was Rs. 162783978.00.

Source : Equity Bulls

Keywords

BharatElectronics INE263A01024 BEL Defence MoU ProfenseLLC LightWeaponsManufacturing