Joint Venture

Joint Venture Agreement for HAMMER Weapon Production in India

Bharat Electronics Limited (BEL) and Safran Electronics & Defence (SED) have signed a Joint Venture Cooperation Agreement (JVCA) to produce the HAMMER Smart Precision Guided Air-to-Ground Weapon in India. This initiative supports the Make-in-India and Aatmanirbhar Bharat initiatives, aiming for 60% indigenisation in manufacturing. The agreement was signed on November

NIRL

NIRL and MAHAPREIT Form Joint Venture for Renewable Energy in Maharashtra

NLC India Renewables Limited (NIRL) has signed a Joint Venture Agreement with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) to develop renewable energy projects in Maharashtra. The partnership aims to create a Joint Venture Company (JVC) that will focus on developing up to 2000 MW of renewable energy,