Defence Ministry inks MoU with BEML, BEL & MIDHANI
The MoU corroborates the resolve of the Government to develop complex technologies within the country under the ‘Aatmanirbhar Bharat’ initiative.
Ministry of Defence has signed a tripartite Memorandum of Understanding (MoU) with BEML Limited, Bharat Electronics Limited (BEL) and Mishra Dhatu Nigam Limited (MIDHANI) for indigenous development of Advanced Fuelling and Control System for Engines for heavy duty applications.
The MoU was inked with Chairman & Managing Director, BEML Limited Shri Shantanu Roy; CMD, MIDHANI Dr SK Jha; and CMD, BEL Shri Bhanu Prakash Srivastava, in the presence of Defence Secretary Shri Giridhar Aramane in New Delhi on March 04, 2024.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoY
This collaborative initiative will focus on leveraging indigenous capabilities to design, test, and manufacture an Advanced Fuelling and Control System that offers enhanced efficiency, performance, and reliability.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsBy harnessing the latest advancements in engine technology and control systems, the companies aim to extend their domain expertise for development of engine systems which will ensure self-reliance in the field of Combat vehicles. The MoU corroborates the resolve of the Government to develop complex technologies within the country under the ‘Aatmanirbhar Bharat’ initiative.
Read Also : India assumes the Chair of Asian Disaster Preparedness CentreNews Must Read
- Karnataka Bank Announced record Q1 Net Profit at Rs. 400.33 CR
- NTPC, BHEL shares soar higher amid JV announcement in Budget 2024
- BEL signs tripartite MoU for manufacture of indigenised ammunition
- Goa Shipyard Limited launched first indigenous P1135.6 Frigate
- Chandan Sinha appointed as Non-Executive Part Time Chairman of RBL Bank
- OIL and Dolphin Drilling signs contract for hiring of Blackford Dolphin
- Cmde D.K. Murali, IN (Retd.) Joins as CMD of BECIL
- Samir Chandra Saxena Appointed as Director (Market Operation) of GRID-INDIA
- MOIL CMD bags Title 'CEO of the Year'
- ONGC sign MoU with GSI to advance geothermal exploration in Ladakh