MoneyWorks4Me

Ashok Leyland Defence Systems inks MOU with Rosoboronexport, ELCOM

06 Sep 2017 Evaluate

Ashok Leyland Defence Systems (ALDS), Hinduja Group company has signed a Memorandum of Understanding (MOU) on Cooperation with Russia’s Rosoboronexport (ROE) and ELCOM, on the sidelines of the International Military Technical Forum Army - 2017 held at Kubinka, near Moscow, on August 25, 2017.

Rosoboronexport is the only state organisation in Russia for export of the entire range of military products and technologies. ROE represents Russian companies who are manufacturers of Infantry Fighting Vehicles and Main Battle Tanks, currently working with the Indian Army. ELCOM Group is emerging as a significant player in strategic electronics, avionics and tactical communication globally.

Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.

Peers
Company Name CMP
Tata Motors 428.15
Ashok Leyland 149.35
Force Motors 16950.00
Olectra Greentech 1083.65
SML Mahindra 6087.35
View more..