BEL and Tata Electronics Partner to Boost India’s Semiconductor Self-Reliance

09 Jun 2025 CW Team

The MoU was formalised on 5 June at the Tata Group’s Mumbai headquarters by BEL chairman Manoj Jain and Tata Electronics CEO Dr Randhir Thakur.

The alliance between state-owned BEL and Tata Electronics—a greenfield venture under the Tata Group—will concentrate on opportunities in semiconductor fabrication, outsourced semiconductor assembly and test (OSAT), and design services.

Tata Electronics will provide solutions to meet BEL’s present and future needs, including components such as Microcontrollers (MCUs), Systems-on-Chip (SoCs) and Monolithic Microwave Integrated Circuits (MMICs). Both companies intend to combine their expertise to deliver optimal manufacturing outcomes.

This collaboration is a strategic step towards realising self-sufficiency in India’s electronics and semiconductor capabilities. By emphasising indigenous technology development, BEL and Tata Electronics aim to transform the domestic market landscape.

The partnership reflects a commitment to innovation and excellence, supporting enhanced economic growth and technological progress in India’s electronics industry.

Following the announcement after market hours on Friday, BEL shares closed 0.76 per cent lower at Rs 390.70. The stock traded above key moving averages, including the 5-day, 10-, 20-, 30-, 50-, 100-, 150-, and 200-day simple moving averages (SMAs). Its 14-day relative strength index (RSI) stood at 76.14, signalling an overbought condition (above 70).

BEL’s stock has a price-to-earnings (P/E) ratio of 57.54 and a price-to-book (P/B) ratio of 16.42. Earnings per share (EPS) were recorded at 6.79, with a return on equity (RoE) of 28.55 per cent. According to Trendlyne data, the company has a one-year beta of 1.3, indicating relatively high stock volatility.

As of March 2025, promoters held a 51.14 per cent stake in BEL, the state-run defence electronics manufacturer.

Bharat Electronics Ltd (BEL) and Tata Electronics have signed a memorandum of understanding (MoU) to advance India’s self-reliance in the electronics and semiconductor sectors. This partnership supports the government’s vision of fostering indigenous technological solutions and marks a significant collaboration between the two companies.The MoU was formalised on 5 June at the Tata Group’s Mumbai headquarters by BEL chairman Manoj Jain and Tata Electronics CEO Dr Randhir Thakur.The alliance between state-owned BEL and Tata Electronics—a greenfield venture under the Tata Group—will concentrate on opportunities in semiconductor fabrication, outsourced semiconductor assembly and test (OSAT), and design services.Tata Electronics will provide solutions to meet BEL’s present and future needs, including components such as Microcontrollers (MCUs), Systems-on-Chip (SoCs) and Monolithic Microwave Integrated Circuits (MMICs). Both companies intend to combine their expertise to deliver optimal manufacturing outcomes.This collaboration is a strategic step towards realising self-sufficiency in India’s electronics and semiconductor capabilities. By emphasising indigenous technology development, BEL and Tata Electronics aim to transform the domestic market landscape.The partnership reflects a commitment to innovation and excellence, supporting enhanced economic growth and technological progress in India’s electronics industry.Following the announcement after market hours on Friday, BEL shares closed 0.76 per cent lower at Rs 390.70. The stock traded above key moving averages, including the 5-day, 10-, 20-, 30-, 50-, 100-, 150-, and 200-day simple moving averages (SMAs). Its 14-day relative strength index (RSI) stood at 76.14, signalling an overbought condition (above 70).BEL’s stock has a price-to-earnings (P/E) ratio of 57.54 and a price-to-book (P/B) ratio of 16.42. Earnings per share (EPS) were recorded at 6.79, with a return on equity (RoE) of 28.55 per cent. According to Trendlyne data, the company has a one-year beta of 1.3, indicating relatively high stock volatility.As of March 2025, promoters held a 51.14 per cent stake in BEL, the state-run defence electronics manufacturer.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..