2.70 (0.66%) Bharat Electronics (BEL) has inked a memorandum of understanding (MoU) with Tamil Nadu Industrial Explosives (TEL), a Tamil Nadu government undertaking, for co-operation in the explosives segment.
The company is investing for the upgradation of existing facilities and the addition of new facilities. They also aim to set up a Centre of Excellence for ammunition related technologies for both defence and aerospace requirements.
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.