Bharat Heavy Electricals Partners with NSTL-DRDO for Naval GT-IRSS Technology Transfer
Bharat Heavy Electricals Limited (BHEL) has entered into a Licensing Agreement for Transfer of Technology (LAToT) with Naval Science & Technological Laboratory (NSTL)-DRDO, Vishakhapatnam. The agreement pertains to the fabrication, installation, and commissioning of the LM2500 Gas Turbine-Infrared Suppression System (GT-IRSS) intended for Naval Vessels.The LAToT is a domestic initiative that aims to enable BHEL in the specialized field of defense technology. The collaboration is expected to strengthen BHEL's diversification into the defense segment and contribute to the Government's 'Make in India' initiative.
The details of the agreement, structured by key operational parameters, include:
| Parameter | Details |
|---|---|
| Partner Entity | Naval Science & Technological Laboratory (NSTL), Vishakhapatnam (a constituent laboratory under the Defence Research and Development Organisation (DRDO)) |
| Area of Agreement | Gas Turbine-Infrared Suppression System (GT-IRSS) for Naval Vessels |
| Nature of Agreement | Licensing Agreement for Transfer of Technology (LAToT) |
| Scope of Business | Fabrication, Installation & Commissioning of the LM2500 Gas Turbine Infrared Suppression System for Naval Vessels, designed and developed by NSTL-DRDO India |
| Transaction Details | Consideration and significant terms and conditions are noted as CONFIDENTIAL. |
| Rationale and Benefit | The LAToT will enable BHEL in the Fabrication, Installation & Commissioning of the LM2500 GT-IRSS for Naval Vessels, designed and developed by NSTL-DRDO, India. This effort is expected to strengthen BHEL's diversification efforts in Defence segment and contribute to the Government's 'Make in India' initiative. |
BHEL Stock Price Movement
Today, Bharat Heavy Electricals Limited shares edged higher, concluding the session at ₹354.71, marking a gain of 1.73% for the day. The equity achieved a prominent 52-week high of ₹356 and saw substantial interest, with 14.89 million shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.