Bharat Electronics Ltd. — Capital/Financing Update 2019

Feb 21, 2019

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Press Release

BEL signs MOU with JSR Dynamics for manufacture and sale of Glide Weapons and Light Weight Cruise missiles

BENGALURU, February 21, 2019 : Navratna Defence PSU Bharat Electronics Ltd (BEL) has on February 20, 2019, signed an MoU with JSR Dynamics Pvt Ltd (JSR), a Nagpur-based start-up Company, at Aero India 2019 in Bengaluru.

The MoU aims at leveraging the individual design and manufacturing capabilities of BEL and JSR to develop weapons and light weight cruise missiles, which have business potential in both the domestic and international markets. Mrs Anandi Ramalingam, Director (Mktg), BEL, and Air Marshal (Retd) S B Deo, Managing Director, JSR Dynamics Pvt Ltd, signed the MoU in the presence of Mr M V Gowtama, CMD, BEL, Directors and other senior officers of BEL.

BEL has, as part of the Government of India's Start-up India Initiative, been extending its support to start-up Companies.

About BEL

BEL, India’s leading Defence electronics Company, is engaged in the design, manufacture and supply of state-of-the-art Radars, Missile Systems, Military Communications, Naval Systems, Electronic Warfare & Avionics, C4I Systems, Electro Optics, Tank Electronics & Gun / Weapon System Upgrades, Solar Systems, Electronic Components and civilian products like Electronic Voting Machine and Point of Sale device.

About JSR Dynamics Pvt Ltd

JSR is engaged in the design of ground-based and air-based weapons. Among its many products are Glide Weapons, Light Weight Cruise Missiles and allied sub-assemblies and components. With a wide array of world-class products, JSR stands out as a shining example of a Defence start-up.

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Mrs Anandi Ramalingam, Director (Mktg), BEL, and Air Marshal (Retd) S B Deo, Managing Director, JSR Dynamics Pvt Ltd, signing the MoU in the presence of Mr M V Gowtama, CMD, BEL, Director (OU), Director (HR), Director (F) and other senior officers of BEL at Aero India on February 20, 2019.

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