Shares of Bharat Heavy Electricals Ltd (BHEL) rose 2.5% to hit a day’s high of Rs 213.30 on 1st September after the company announced it had signed a licence agreement for transfer of technology (LAToT) with the Defence Metallurgical Research Laboratory (DMRL), Hyderabad, a unit of the Defence Research and Development Organisation (DRDO).

The agreement allows BHEL to manufacture fused silica radar domes using advanced pressing and sintering technology. These domes are vital for missile guidance systems, as they protect sensors while letting electromagnetic signals pass without distortion.

DMRL, known for its expertise in alloys and ceramics, has transferred this technology to BHEL to support indigenous production. The move is expected to strengthen India’s self-reliance in defence and cut dependence on imports.

BHEL did not disclose the deal value or commercial terms, citing confidentiality.

At 11:39 AM, the shares of BHEL were trading 2.33% higher at Rs 212.85 on NSE.

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