9.10 (2.37%) 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.