6.15 (1.57%) Bharat Electronics (BEL) is planning to set up new facility in Anantapur district of Rayalaseema region in Andhra Pradesh at an estimated investment of Rs 500 crore. Coming up on 900 acres, the facility is an extension of the company’s Missile Systems Strategic Business Unit at its Bangalore Complex.
The company had established its first manufacturing unit in AP at Machilipatnam in 1982.
BEL is a multi-product, multi-technology, multi-unit conglomerate with over 350 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.