Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
Larsen & Toubro (L&T) has formed a strategic partnership with Bharat Electronics (BEL) to support Advanced Medium Combat Aircraft (AMCA) programme of the Indian Air Force. The consortium will participate in the Expression of Interest notice issued by Government of India's (GoI) Aeronautical Development Agency, by way of submitting a response in the coming weeks.
The partnership will leverage L&T's expertise in developing strategic defence and aerospace platforms, along with BEL's experience in defence electronics and systems, to jointly contribute to India's 5th-generation fighter aircraft.
The collaboration marks a significant milestone in advancing India's defence capabilities in line with GoI's vision for an ‘Atmanirbhar Bharat'. By combining the strengths of the two leading defence technology providers, the partnership seeks to deliver a cutting-edge, high quality solution.
Commenting on the development, S N Subrahmanyan, Chairman & Managing Director, L&T, said: “The collaboration with BEL marks a significant leap in our commitment to the modernisation of India's defence capabilities. We are honoured to be working with BEL to deliver next-generation technologies for the Indian Air Force. Both the organisations are leaders in our respective domains and our combined efforts will play a crucial role in bolstering national security and advancing self-reliance in defence technologies”.
In the past, L&T and BEL have played pivotal role in India's indigenous Light Combat Aircraft programme by supplying major aero-structure modules and developing mission-critical avionics and electronic systems. Building on this legacy, the consortium will bring proven expertise and commitment to timely delivery of world-class defence and aerospace platforms for the Indian Air Force.
The consortium will participate in the expression of interest notice issued by Government of India’s (GoI) Aeronautical Development Agency, by way of submitting a response in the coming weeks.
The partnership will leverage L&T’s expertise in developing strategic defence and aerospace platforms, along with BEL’s experience in defence electronics and systems, to jointly contribute to India’s 5th -generation fighter aircraft.
In the past, L&T and BEL have played pivotal role in India’s indigenous Light Combat Aircraft programme by supplying major aero-structure modules and developing mission-critical avionics and electronic systems.
S N Subrahmanyan, chairman & managing director, L&T, said: “The collaboration with BEL marks a significant leap in our commitment to the modernisation of India's defence capabilities.
Both the organisations are leaders in our respective domains and our combined efforts will play a crucial role in bolstering national security and advancing self-reliance in defence technologies.”
Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services.
The company had reported a 30% jump in consolidated net profit to Rs 3,617.19 crore on a 16% rise in revenue to Rs 63,678.92 crore in Q1 FY26 as compared with Q1 FY25.
Shares of L&T rise 0.54% to Rs 3678 while those of BEL fell 1.68% to Rs 397.60 on the BSE.
Yanbu Green Hydrogen Hub has been conceived as a fully integrated facility with its own captive renewable electricity generation powered solely by solar and wind. The Renewables & Grid scope of the project involves multiple facilities including solar PV, wind and battery energy storage system plants along with associated substations and transmission lines.
The MOU aims to establish a collaborative framework to design and reach the best configuration and achieve the performance targets for the Renewables & Grid scope. The cooperation involves a commitment from Larsen & Toubro to enter into a EPC contract once the final proposal is accepted.
T Madhava Das, member of the board and senior executive vice president (Utilities) – Larsen & Toubro, said: “Saudi Arabia is a key leader in supply of clean energy and industrial decarbonization.
The kingdom has achieved remarkable progress in recent years due to the visionary programmes and initiatives. It is strategically located between east and west, produces renewable energy at competitive rates and develops ultra mega projects with clear timelines.
We are happy to contribute to its ambitions of promoting regional and international integration of clean energy, especially along the India – Middle East – Europe economic corridor.”
The scrip was down 0.06% to currently trade at Rs 3673.80 on the BSE.
The Renewables (RENU) vertical of Larsen & Toubro has signed a Memorandum of Understanding with ACWA Power for the Renewables & Grid scope of the pioneering Yanbu Green Ammonia Project in the Kingdom of Saudi Arabia.
Yanbu Green Hydrogen Hub has been conceived as a fully integrated facility with its own captive renewable electricity generation powered solely by Solar and Wind. The Renewables & Grid scope of the project involves multiple facilities including Solar PV, Wind and Battery Energy Storage System plants along with associated substations and transmission lines.
This collaboration builds on L&T's proven engineering, procurement, and construction (EPC) capabilities, ensuring optimal integration of diverse renewable technologies and robust delivery while raising the bar on safety, quality, sustainability and performance benchmarks.