Bharat Electronics (BEL) — Board Meeting

BEL's Board approved a 50:50 Joint Venture Agreement with Safran Electronics and Defence (France) for Project HAMMER on 15 February 2026. The JV will establish a Private Limited Company in Pune as a Center of Excellence for manufacturing, supplying, and maintaining Guidance Kits for the HAMMER Weapon System, primarily serving Indian Air Force and Navy. The company will have equal 50:50 equity split with 4-member Board (2 directors each), subject to regulatory approvals from both countries.

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About Bharat Electronics Limited (BEL)

Capital Goods · Aerospace & Defense · Listed on NSE

Market Cap: ₹3,09,678.78 Cr P/E: 62.0

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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