Bharat Dynamics Ltd., the Hyderabad-based state-owned mini-ratna Category-1 company, and Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) have signed a memorandum of understanding (MoU) for setting up a unit in the Uttar Pradesh Defence Corridor.
The new facility will be set up to manufacture a propulsion system that will be used for various types of missiles manufactured by BDL. BDL is planning to commence operations at this facility by 2023.
Bharat Dynamics will acquire 215 acres of land in Jhansi under a lease agreement for an initial period of 30 years, which will be extendable up to 90 years.
BDL is defence public sector company that manufactures missiles and underwater weapons for the armed forces and has three manufacturing units, out of which two are located in Telangana and one in Andhra Pradesh.