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 : Adani Green signs a 20 yr long term agreement with Sri Lanka governmentNews Must Read
- BPCL signs agreement with Noida International Airport
- Indian Bank Q4 results, net profit up by 6 percent on Quarter basis
- PSU Stocks tumbled amid RBI draft circular on lenders
- Paytm share price plunges 4% as president and COO Bhavesh Gupta resigns
- GAIL Global USA and Kinder Morgan Operating LLC signed MOU
- SJVN signs agreement with Tata Power RE for 460 MW Renewable Energy Project
- Keel Laying of the First Next Generation Offshore Patrol Vessel At Goa Shipyard Ltd
- REC Ltd received NOC to set up wholly owned subsidiary in Gift City, Gujarat
- Atanu Chakraborty Reappointed as part-time Chairman of HDFC Bank
- MRPL Q4 Results: Net profit slips 40%, Annual Gains Strong