BEL Receives Orders Worth Over Rs 500 Crore
Bharat Electronics Limited (BEL) has secured additional orders of more than Rs 500 crores since its last disclosure on 11 September 2024. The major orders received include EMI shelters, AMC for Integrated Air Command and Control System nodes, upgrade/ spares for gun systems, spares for radars, communication system, etc. With these orders, BEL has now accumulated orders totalling Rs 7,689 crore in the current financial year.
BEL & IAI form Joint Venture Company: Meanwhile, BEL and Israel Aerospace Industries (IAI) announced the establishment of a joint venture company (JVC), which has been incorporated in the name of BEL IAI AeroSystems Private Ltd.
The JVC with its registered office in Delhi shall be the single point of contact (SPOC) for extending long-term product support to the Medium Range Surface-to-Air Missile (MRSAM) systems of India’s defence forces. The partnership marks another significant step in cementing the relationship between the two companies that have a long history of association for strategic programmes. BEL and IAI are collaborating in several joint programmes for the tri-services. The JVC has been set up for providing life cycle support, both technical and maintenance related, for MRSAM air-defence systems of the country.
MRSAM is an advanced air and missile defence system that provides protection against a variety of aerial threats. It was jointly developed by IAI and DRDO for Indian armed forces and is currently used by the Indian Air Force, Indian Army, Indian Navy and also Israeli Defence Forces. The system includes an advanced phased array radar, command and control shelter, mobile launchers and interceptors with an advanced RF seeker. The JVC will leverage the capabilities of both IAI and BEL.