Ashok Leyland Defence signs MOU with Rosoboronexport, ELCOM

Ashok Leyland Defence signs MOU with Rosoboronexport, ELCOM

06/09/2017 12:53

Ashok Leyland Defence Systems (ALDS), Hinduja Group company has signed a Memorandum of Understanding (MOU) on Cooperation with Russia’s Rosoboronexport (ROE) and ELCOM, on the sidelines of the International Military Technical Forum Army – 2017 held at Kubinka, near Moscow, on August 25, 2017.

Rosoboronexport is the only state organisation in Russia for export of the entire range of military products and technologies, the company said in a BSE filing.

ROE represents Russian companies who are manufacturers of Infantry Fighting Vehicles and Main Battle Tanks, currently working with the Indian Army.

ELCOM Group is emerging as a significant player in strategic electronics, avionics and tactical communication globally.

Meanwhile, shares of the company were trading at Rs 112.50 apiece, down 0.57 per cent from the previous close at 12:55 hours on BSE.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s