Bharat Electronics inks agreement with Goa Shipyard for development of autonomous navigation

10 Nov 2022 , 12:54 PM

Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed an MoU with Goa Shipyard Limited (GSL) for joint development of products/solutions in the area of Autonomous Navigation and associated fields.

The MoU aims at leveraging the complementary strengths and capabilities of BEL and GSL.

It will enable BEL and GSL to jointly work towards development of products/solutions in the fields of autonomously navigated vessels and derivatives thereof, digital control and simulation of ships, networking of vessels and any other identified area for both Defence and civilian applications in domestic and international markets.

Manoj Jain, Director (R&D), BEL, and Capt (Retd.) Jagmohan, Director (CPP&BD), Goa Shipyard Limited, exchanged the MoU signed between BEL and GSL at Defexpo 2022, in the presence of senior officers of BEL.

At around 12:56 PM, Bharat Electronics Ltd is currently trading at Rs105.30 per share down by Rs2.75 or 2.55% from its previous closing of Rs108.05 per share on the BSE.

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