BEL signs MoU with DMRC for joint development of Indigenous Communication-based Train Control System

Navratna Defence PSU Bharat Electronics Ltd (BEL) today signed a Memorandum of Understanding (MoU) with Delhi Metro Rail Corporation Ltd (DMRC) for jointly developing the Indigenous Communication-based Train Control System (i-CBTC), an important milestone in India's journey towards self-reliance in Rail and Metro operations.

-CBTC, being indigenously developed for the first time in India, will enable unmanned operations of metro and trains. It is a big leap forward in the field of metro and rail automation and will give a boost to the >Atmanirbhar Bharat' mission of the Government of India. The project is being carried out under the ambit of the Ministry of Housing and Urban Affairs (MoHUA), Government of India. The MoU aims at leveraging the complementary strengths and capabilities of BEL and DMRC.

Mr Manoj Jain, Director (R&D), BEL, and Mr Om Hari Pandey, Director (Electrical), DMRC, exchanged the MoU in the presence of Mr Raj Kumar Batra, Advisor (DMRC), and senior executives of BEL and DMRC.

Shares of Bharat Electronics Limited was last trading in BSE at Rs. 109.65 as compared to the previous close of Rs. 108.90. The total number of shares traded during the day was 488142 in over 3636 trades.

The stock hit an intraday high of Rs. 110.20 and intraday low of 108.80. The net turnover during the day was Rs. 53476280.00.

Source : Equity Bulls

Keywords

BharatElectronics INE263A01024 MOU DelhiMetro DMRC iCBTC