BEL signs MoU with AVNL

Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed a MoU with Armoured Vehicles Nigam Limited (AVNL/AVANI), a Defence PSU, to jointly address the requirements of Indian Defence and Export markets.

The MoU aims at leveraging the complementary strengths and capabilities of BEL and AVNL (AVANI) to address domestic and export opportunities in the areas of Combat Vehicles, Main Battle Tanks (MBTs), Infantry Fighting Vehicles (IFVs), Armored Fighting Vehicles (AFVs) and related systems.

Mr Dinesh Kumar Batra, then CMD, BEL, and Mr A N Srivastava, CMD, AVNL/AVANI, exchanged the MoU signed between BEL and AVANI at Defexpo 2022, in the presence of Mr Bhanu Prakash Srivastava, Director (Other Units), BEL, Mr Sanjay Dwivedi, Director (Operations), AVNL, Mr Manoj Jain, Director (R&D), BEL, Mr Manoj Kumar, Executive Director, BEL, and other senior officers of BEL and AVANI.

Shares of Bharat Electronics Limited was last trading in BSE at Rs. 110.60 as compared to the previous close of Rs. 108.30. The total number of shares traded during the day was 1730017 in over 15323 trades.

The stock hit an intraday high of Rs. 111.30 and intraday low of 108.05. The net turnover during the day was Rs. 190386725.00.

Source : Equity Bulls

Keywords

BharatElectronics INE263A01024 BEL Defence MoU ArmouredVehiclesNigam