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 Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Infrastructure Urban

22 Oct 2025

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Infrastructure Energy

22 Oct 2025

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..