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BEL secures MCA’s approval for joint venture with Israel Aerospace Industries

30 Sep 2024 Evaluate

Bharat Electronics (BEL) has received an approval from the Ministry of Corporate Affairs (MCA) for incorporation of ‘BEL IAI AeroSystems’, a Joint Venture Company between Bharat Electronics and Israel Aerospace Industries (IAI), Israel. 

The joint venture aims to provide product support including repair and maintenance and related activities for Medium-Range Surface to Air Missile (MRSAM) System deployed and used in India.

BEL is a multi-product, multi-technology, multi-unit conglomerate with various products in the areas of military communication, radars, naval systems, C4I systems, weapon systems, homeland security, telecom & broadcast systems, electronic warfare, tank electronics, electro-optics, professional electronic components and solar photovoltaic systems.


Peers
Company Name CMP
Hindustan Aeronaut. 4739.00
Bharat Electronics 386.00
Aequs 259.95
Astra Microwave Prod 1590.15
Axiscades Tech. 1884.40
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