BEL received an order worth ₹850 Crore from Cochin Shipyard to supply an indigenous multi-function radar in X band.
The companies were chosen as the top bidders in a competitive tender on both technical and commercial grounds.
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Eugia Steriles, a 100% subsidiary of Eugia Pharma Specialities and a step down arm of Aurobindo Pharma, operates the new plant.
Gravita Netherlands BV will have 80% of the stock and management control, and the remaining equity held by other Romanian partners.
Asian markets trading higher on Thursday morning after the Wall Street ends on higher note.
Dixon Technologies (India) announced in July that it intended to sell its whole 50% stake in the joint venture business to Aditya Infotech.
The company will list its shares on September 16.
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The company will use net proceeds from the fresh issue towards repayment of debts, investing in subsidiary and for other working capital requirements.
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