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Shares of Bharat Electronics Ltd (BEL) fell 3% after touching a day’s high of Rs 470 on 9th March. Even so, the company said it has signed a memorandum of understanding (MoU) with aerospace and defence interconnect solutions manufacturer SASMOS HET Technologies Limited. This is to strengthen indigenous defence manufacturing capabilities.
The MoU was exchanged between BEL Chairman and Managing Director Manoj Jain and SASMOS Chairman and Managing Director H G Chandrashekar. This took place in the presence of Defence Minister Rajnath Singh.
Under the partnership, BEL and SASMOS will combine their expertise in defence electronics, system integration and precision manufacturing to support defence programmes. Furthermore, the collaboration aims to localise critical components, increase domestic value addition and strengthen production capabilities and exports.
The agreement also enables both companies to participate jointly in defence and strategic programmes. These include high-reliability photonics and fibre-optic systems, avionics, mission-critical electronics, aerospace-grade interconnect solutions, and electromechanical assemblies for airborne, naval, and land-based platforms.
The partnership supports the government’s Atmanirbhar Bharat and Viksit Bharat initiatives. These are aimed at boosting domestic manufacturing and strengthening defence supply chains.
BEL said the collaboration will help expand indigenisation and improve programme execution with Indian industry partners. SASMOS added that the partnership will focus on precision engineering, quality assurance and scalable production for defence applications.
According to the companies, the collaboration is expected to strengthen supply chains and accelerate project execution. It will also improve the competitiveness of Indian defence systems in domestic and global markets.
At 11:31 AM, shares of BEL were trading 2.92% lower at Rs 454.75 on the NSE.
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