Bharat Electronics signs MoU with AVANI

18 Nov 2022 , 09:16 AM

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

As per the filing, 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.

At around 9:16 AM, Bharat Electronics Ltd is currently trading at Rs111.20 per share up by Rs0.6 or 0.54% from its previous closing of Rs110.60 per share on the BSE.

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