Bharat Dynamics soars 11% after it signs 10 MoUs at Aero India 2023

The company entered into 10 Memorandum of Understandings (MoUs) with several foreign and Indian companies during Aero India - 2023

Shares of Bharat Dynamics Limited (BDL) rallied 11 per cent to Rs 884.15 in Thursday’s intra-day trade, after the state-owned aerospace & defense company said that it has entered into 10 Memorandum of Understandings (MoU) with several foreign and Indian companies during the Aero India – 2023.

BDL entered into MoU with Thales to set up manufacturing facilities for Laser Guided Rocket and its major components in India. In addition to the above, an MoU was signed by BDL with EDGE Group entity, AL TARIQ, UAE to jointly produce an all-weather, day / night, long-range precision guided munition (LR-PGM)