Bharat Heavy Electricals Limited (BHEL) — Related Party Transaction Announcement
BHEL announced on April 28, 2026, that it entered into a Licensing Agreement for Transfer of Technology (LAToT) with Naval Science and Technological Laboratory (NSTL), a DRDO constituent, to fabricate, install, and commission LM2500 Gas Turbine Infrared Suppression Systems for naval vessels. The agreement supports BHEL’s defense diversification and the government’s Make in India initiative. It is a domestic, non-equity arrangement with no financial consideration disclosed, and no arm’s length justification was required as it falls outside related party transaction criteria.
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About Bharat Heavy Electricals Limited (BHEL)
Capital Goods · Electrical Equipment · Listed on NSE
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