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BEL and France’s Safran to jointly manufacture HAMMER precision-guided weapon in India

Newsmantra — Tue, 25 Nov 2025 11:02:09 +0000

NEW DELHI. Bharat Electronics Limited (BEL) and France’s Safran Electronics and Defence (SED) have signed a Joint Venture Cooperation Agreement in New Delhi to produce the HAMMER precision-guided air-to-ground weapon system in India, establishing a 50:50 joint venture that will localise manufacturing, supply and maintenance for the Indian Air Force and Navy, gradually increase indigenisation to about 60 per cent, transfer production in phases with BEL leading final assembly and quality assurance, and support deployment of the combat-tested HAMMER weapon compatible with aircraft like the Rafale and LCA Tejas.

The document was signed by BEL Chairman and Managing Director Manoj Jain and SED Executive Vice President Alexandre Ziegler, in the presence of Secretary (Defence Production) Sanjeev Kumar and Safran CEO Olivier Andries.

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SBI, LIC And NTPC ,ONGC, Power Grid, HAL, IRFC and Bharat Electronics were also among the most-valued state-run companies mentioned in the Hurun India report

Newsmantra — Fri, 21 Feb 2025 08:19:38 +0000

State Bank of India was named as the most-valuable state-controlled company in India in the ‘2024 Burgundy Private Hurun India 500’ report. The report, released on Tuesday, focussed on 500 most-valuable private Indian firms but had an exclusive note on the 10 most valued state-run entities in India. The report valued SBI at Rs 7.69 lakh crore, marking a 53% increase from its last valuation. Lif

1 State Bank of India 7,69,000 53%

2 Life Insurance Corp. of India 5,89,000 54%

3 NTPC 3,46,000 51%

4 ONGC 3,20,000 38%

5 Hindustan Aeronautics 3,12,000 152%

6 Power Grid Corp. of India 3,11,000 66%

7 Coal India 2,53,000 31%

8 Bharat Electronics 2,31,000 139%

9 Indian Railway Finance Corporation 2,08,000 121%

10 Indian Oil Corporation 2,04,000 66%

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BEL inks MoU with CoRover to leverage business opportunities in AI

Newsmantra — Fri, 21 Jul 2023 05:46:20 +0000

New Delhi. Bharat Electronics Limited (BEL), has signed a two-year MoU with CoRover Private Limited to leverage business opportunities in AI-based conversational and Generative AI solution.

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Bharat Electronics signs MoU with Indian Institute of Science

Newsmantra — Thu, 20 Jul 2023 05:10:53 +0000

Bharat Electronics (BEL) has signed an MoU with the Indian Institute of Science (IISc), Bengaluru, to work together in Artificial Intelligence (AI), to address the requirements of AI-based solutions.

This strategic MoU, which would leverage the strengths and capabilities of both the organizations, is envisaged to give a boost to the‘ Atmanirbhar Bharat’ initiative and go a long way in realizing the Government’s vision of a Digital India. PRESS NOTE

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