BEL forms JV with Thales for radar business
Bharat Electronics Ltd (BEL), the Bangalore-based defence PSU, has formed a new joint venture company with France-based Thales Air Systems SA and Thales India Pvt Ltd for radar business. The joint venture company is named as BEL-Thales Systems Limited.
In a filing to Bombay Stock Exchange, here today, BEL said that it had announced on July 5, 2012 its decision to form a JV company with Thales for carrying out radar business.
The new JV company has come into existence on August 28, 2014, the company said.