2.70 (0.66%) Bharat Electronics (BEL) has signed a memorandum of understanding (MoU) with Armoured Vehicles Nigam (AVNL/AVANI), a Defence PSU, to jointly address the requirements of Indian Defence and Export markets. The MoU aims at leveraging the complementary strengths and capabilities of BEL and AVNL (AVANI) to address domestic and export opportunities in the areas of Combat Vehicles, Main Battle Tanks (MBTs), Infantry Fighting Vehicles (IFVs), Armored Fighting Vehicles (AFVs) and related systems.
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.