BHEL inks pact with BEL to develop products for defence, non-defence applications

BHEL has announced entering into a pact with Bharat Electronics Ltd to develop and market products, systems and sensors for defence and non-defence applications.

In a filing to the BSE, the state-owned company said, “A memorandum of understanding (MoU) was signed between Bharat Heavy Electricals Ltd (BHEL) and Bharat Electronics Ltd (BEL) during DEFEXPO 2020 at Lucknow.”

The filing added that the pact aims at leveraging the complementary strengths and capabilities of BHEL and BEL to develop and market products, systems and sensors for defence and non-defence applications.

It further said that the pact will also enable BHEL and BEL to make joint efforts to explore markets for products individually developed or jointly developed by both companies.

Image Credit : bsmedia.business-standard.com

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