BHEL & BEL Sign MoU

Bharat Heavy Electricals Ltd. (BHEL) informed the exchanges that it had signed an MoU with Bharat Electronics Ltd (BEL) during DEFEXPO 2020 at Lucknow.

As per the information shared “The MoU aims at leveraging the complementary strengths and capabilities of BHEL and BEL to develop and market Products, Systems and Sensors for Defence and Non-Defence applications. The MoU will also enable BHEL and BEL to make joint efforts to explore markets for products individually developed or jointly developed by both companies.”