BHEL entered a Licensing Agreement for Transfer of Technology with NSTL-DRDO for naval vessel infrared suppression systems.
The domestic agreement covers fabrication, installation, and commissioning of LM2500 GT-IRSS technology developed by DRDO.
Consideration and significant terms are confidential, with the deal not qualifying as a related party transaction.
The partnership supports BHEL's defense diversification and aligns with the government's 'Make in India' initiative.