Press Release

Navratna Defence PSU Bharat Electronics Ltd
(BEL) has on February 20, 2019, signed an MoU with JSR Dynamics Pvt Ltd
(JSR), a Nagpur-based start-up Company, at Aero India 2019 in Bengaluru.

The MoU aims at leveraging the individual design and manufacturing
capabilities of BEL and JSR to develop weapons and light weight cruise
missiles, which have business potential in both the domestic and
international markets. Mrs Anandi Ramalingam, Director (Mktg), BEL, and
Air Marshal (Retd) S B Deo, Managing Director, JSR Dynamics Pvt Ltd,
signed the MoU in the presence of Mr M V Gowtama, CMD, BEL, Directors and
other senior officers of BEL.

BEL has, as part of the Government of India's Start-up India Initiative,
been extending its support to start-up Companies.

About BEL

BEL, India’s leading Defence electronics Company, is engaged in the
design, manufacture and supply of state-of-the-art Radars, Missile
Systems, Military Communications, Naval Systems, Electronic Warfare &
Avionics, C4I Systems, Electro Optics, Tank Electronics & Gun / Weapon
System Upgrades, Solar Systems, Electronic Components and civilian
products like Electronic Voting Machine and Point of Sale device.

About JSR Dynamics Pvt Ltd

JSR is engaged in the design of ground-based and air-based weapons. Among
its many products are Glide Weapons, Light Weight Cruise Missiles and
allied sub-assemblies and components. With a wide array of world-class
products, JSR stands out as a shining example of a Defence start-up.

Photo caption:  Mrs Anandi Ramalingam, Director (Mktg), BEL, and Air
Marshal (Retd) S B Deo, Managing Director, JSR Dynamics Pvt Ltd, signing
the MoU in the presence of Mr M V Gowtama, CMD, BEL, Directors and other
senior officers of BEL at Aero India on February 20, 2019.