Engineers India Limited enters into MoU with Munitions India Limited
The MoU was exchanged between Mr. Ravi Kant, C&MD, MIL and Ms Vartika Shukla, C&MD, EIL during AERO INDIA 2023 at Bengaluru on February 13, 2023.
New Delhi: Engineers India Limited (EIL) has entered into a Memorandum of Understanding (MoU) with Munitions India Limited (MIL) for execution of Plant Modernization & Infrastructure Projects of MIL. The MoU was exchanged between Mr Ravi Kant, C&MD, MIL and Ms Vartika Shukla, C&MD, EIL during AERO INDIA 2023 at Bengaluru on February 13, 2023.
Munitions India Limited is a Defence Public Sector Enterprise (CPSE) under the Ministry of Defence, Government of India. MIL, India’s biggest manufacturer and market leader, is engaged in Production, Testing Research & Development and Marketing of comprehensive range of ammunition & explosives for Army, Navy, Air force & Para-Military Forces.
The MoU heralds EIL’s foray into Defence sector, giving a fillip to the diversification into newer areas.
Read Also : Indian Air Force ushers in Digital Transformation with DigiLocker IntegrationNews Must Read
- NCL General Manager (Finance) D Sunil Kumar recommended for SECL Director (Finance)
- Bank of Maharashtra Q4 results, Net Profit increased by 44.95 percent to Rs 1,218 crore
- Axis Bank Overtakes Kotak Mahindra Bank to Become India's Fourth Most Valued Lender
- LIC cuts stakes in major PSU stocks
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station