-1.80 (-0.47%) Bharat Electronics has received its board’s approval to form Joint Venture Company (JVC) with Thales Air Systems SA, France and Thales India in Radar Business Area. The company’s board gave approval for the same at its meeting held on July 05, 2012.
Bharat Electronics (BEL) was set up at Bangalore by the Government of India under the Ministry of Defence in 1954 to meet the specialised electronic needs of the Indian defence services. Over the years, it has grown into a multi-product, multi-technology, multi-unit company serving the needs of customers in diverse fields in India and abroad.