Hon'ble PM lays foundation stone for Jhansi Unit of BDL

Hon'ble Prime Minister of India Shri Narendra Modi has laid the foundation stone for setting up a manufacturing unit of Bharat Dynamics Limited (BDL), at Jhansi in the UP Defence Corridor.

BDL, a Government of India Enterprise under Ministry of Defence, is one among the few companies in the world having state-of-the-art facilities for manufacture and supply of Anti - Tank Guided Missiles, Surface to Air Missiles, Air-to-Air Missiles, Air to Surface Missiles, Underwater Weapons & Counter Measures Systems for the Armed Forces. BDL has also designed and developed Drone delivered bombs.

The upcoming unit at Jhansi will be the sixth manufacturing unit of the Company and the first one in Northern part of India, having its registered office at Hyderabad.

The Hon'ble Prime Minister Shri Narendra Modi in his address stated that the components being manufactured in Jhansi for Anti-Tank Guided Missiles will give a new identity to the region. The Anti-Tank Guided Missiles manufactured by BDL will make our army more stronger and our borders, more secure.

The Hon'ble Chief Minister of Uttar Pradesh, Shri Yogi Adityanath in his address stated that all formalities related to lease agreement and registration of land allotted to BDL have been completed and the facility will come up very fast.

The occasion was graced by Hon'ble Governor of Uttar Pradesh Smt Anandiben Patel, Hon'ble Raksha Mantri Shri Rajnath Singh, Hon'ble Chief Minister of Uttar Pradesh Shri Yogi Adityanath, Hon'ble MoS for Defence Shri Ajay Bhatt, Hon'ble MoS, MSME Shri Bhanu Pratap Singh Verma, Hon'ble Member of Parliament, Jhansi Shri Anurag Sharma, Chief of Defence Staff Gen. Bipin Rawat and Secretary (Defence) Dr Ajay Kumar.

Chairman and Managing Director, BDL Commodore Siddharth Mishra (Retd), Director (Technical) Shri N P Diwakar, Director (Production) Shri P. Radhakrishna, Director (Finance) Shri N Srinivasulu, CVO Dr Upender Vennam, IPoS, Executive Director (Mktg) Commodore TN Kaul (Retd), Executive Director (Kanchanbagh Unit & PSG) Commodore A Madhavrao (Retd) and other senior official were present.

Commodore Siddharth Mishra (Retd), CMD, BDL stated that the "Jhansi unit of BDL will be manufacturing Propulsion System which will be used in all AntiTank Guided missiles and futuristic missiles manufactured by the Company. This is an important step towards the backward integration plan being implemented to further strengthen the capability to deliver world class weapon systems to the customers. BDL proposes to invest up to Rs 400 Crore for various technologies at this location".

BDL has acquired land at UP Defence Corridor in Jhansi to setup the unit. The Company is planning to commence operations at this facility by 2023, which would create lot of employment opportunities for people in the region once the facility is fully operational.

It is expected that MSMEs as ancillary units will also be established once BDL's Jhansi unit becomes operational.

BDL has always been focusing on concept of indigenization across its programs and all efforts are put to maximize the indigenous content. In the foreign collaboration programs that BDL has entered into, the company has been successful in indigenizing items, over and above the contracted indigenization content percentage with the support of Original Equipment Manufacturers (OEMs). The average percentage of indigenization across BDL is between 80 to 90 percent. This philosophy of the company has helped it reduce the import cost and offer competitively priced products to the Indian Armed Forces. This has been very important factor since the Armed Forces are getting latest products with assured product life cycle support from BDL. In line with the AatmaNirbhar Bharat initiative of the Indian Government, BDL has furthered its indigenization processes by involving several vendors including MSMEs, who indigenize components through the Government's 'Srijan' portal. BDL has a robust vendor echo system and a strong supply chain spread across the county.

BDL has a strong in-house R&D division with talent drawn from premier institutions. The Division is leveraging emerging technologies like Artificial Intelligence (AI) to develop state-of-the-art weapons for the Armed Forces. The Missile Development group set up within the in-house R & D Division is working on Next Generation Missile Programs. BDL has also signed MoUs / agreements with foreign OEMs and start-up companies to develop weapons of next generation.

BDL is expanding its foot prints in the global market by offering its products to friendly foreign nations in tune with the policies of the Government aimed towards 'ease of doing business' with foreign countries. The Company has already exported Torpedoes to a friendly foreign country. BDL has also received several leads from friendly countries for exports.

Shares of Bharat Dynamics Limited was last trading in BSE at Rs. 411.90 as compared to the previous close of Rs. 425.00. The total number of shares traded during the day was 12317 in over 740 trades.

The stock hit an intraday high of Rs. 433.00 and intraday low of 411.00. The net turnover during the day was Rs. 5130518.00.

Source : Equity Bulls

Keywords

BharatDynamicsLimited INE171Z01018 BDL Defence UPDefenceCorridor FoundationStone