L&T-BEL's 5th Gen Fighter Aircraft Alliance onboards Dynamatic Technologies as Exclusive Partner

The consortium of L&T and Bharat Electronics Ltd (BEL), which is pursuing India's 5th Generation Fighter Aircraft (AMCA), is pleased to announce the onboarding of Dynamatic Technologies Ltd (DTL), as an exclusive partner for the programme.

This collaboration will combine DTL's global expertise in complex aerostructures and subsystems manufacture for leading aerospace original equipment manufacturers, with L&T's engineering excellence and BEL's cutting-edge electronics expertise. This synergy brings unique strength to AMCA's development and boosts domestic capabilities in advanced aerospace manufacturing.

Commenting on the development, Mr Arun Ramchandani, Senior Vice President & Head, L&T Precision Engineering & Systems, said: "Adding Dynamatic Technologies as an exclusive partner to this consortium brings unmatched agility and precision to our mission. This partnership is as much about building a next-gen fighter jet as it is about redefining the Indian Aerospace industrial ecosystem".

Mr Udayant Malhoutra, CEO & Managing Director, Dynamatic Technologies Ltd, said: "We have been at the forefront of building supersonic aircraft structures for the past three decades. Our pioneering legacy, combined with advanced engineering expertise of Larsen & Toubro, brings together a unique partnership with the capabilities required to deliver India's fifth-generation fighter aircraft".

Shares of Bharat Electronics Limited was last trading in BSE at Rs. 415.10 as compared to the previous close of Rs. 422.25. The total number of shares traded during the day was 419926 in over 8870 trades.

The stock hit an intraday high of Rs. 422.45 and intraday low of 414.50. The net turnover during the day was Rs. 175309827.00.

Shares of Dynamatic Technologies Limited was last trading in BSE at Rs. 8463.05 as compared to the previous close of Rs. 8058.30. The total number of shares traded during the day was 5030 in over 1442 trades.

The stock hit an intraday high of Rs. 8728.45 and intraday low of 8057.70. The net turnover during the day was Rs. 42910419.00.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 3921.20 as compared to the previous close of Rs. 3980.10. The total number of shares traded during the day was 123633 in over 8831 trades.

The stock hit an intraday high of Rs. 3990.35 and intraday low of 3917.85. The net turnover during the day was Rs. 486775187.00.

Source : Equity Bulls

Keywords

LarsenandToubro INE018A01030 LandT BharatElectronics INE263A01024 BEL Defence AMCA Alliance DynamaticTechnologies INE221B01012