BEL inks MoU with TEL for growth in ammunition business
The strategic partnership will boost BEL’s business opportunities
Navaratna Defence PSU Bharat Electronics (BEL) has signed an MoU with Tamil Nadu Industrial Explosives Limited (TEL), a state-government undertaking of the Government of Tamil Nadu, for co-operation in the explosives segment where BEL is eyeing business growth, keeping in view its ongoing and upcoming ammunition programmes.
The MoU was signed by Mrs Anandi Ramalingam, Director (Marketing), BEL, and Mr C Kamaraj, IAS, CMD, TEL, on September 26, 2019, in the presence of Shri Edappadi K Palaniswami, Hon’ble Chief Minister of Tamil Nadu, and Shri M C Sampath, Hon’ble Minister for Industries, Government of Tamil Nadu.
BEL is investing for the upgradation of existing facilities and addition of new facilities, as well as setting up of a world-class centre of excellence for ammunition related technologies for both Defence and Aerospace requirements.
The strategic partnership with TEL will also boost BEL’s business opportunities in the explosives segment.