|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
(Adds details, quote)
JERUSALEM, Feb 7 (Reuters) - Indian auto components maker Bharat Forge and Israeli defence contractor Elbit Systems said on Thursday they were forming a joint venture to supply advanced artillery and mortar systems to the Indian military.
The joint venture will offer solutions in Elbit's Artillery Guns & Mortar segment and roll out a range of products such as the Advanced Indian Gun System, the companies said in a statement.
The venture "will address Indian defence requirements with operationally proven systems from Elbit Systems that have been customised and adapted for Indian conditions ... for end-to-end solutions for artillery systems and armored vehicles upgrades established by Bharat Forge recently in India," said Baba Kalyani, chairman and managing director of Bharat Forge.
(Reporting by Steven Scheer)