Bharat Dynamics Limited signs MoU with Defence ministry

Bharat Dynamics Limited (BDL), a `miniRatna' defence PSU signed a memorandum of understanding (MoU) with the ministry of defence for the financial year 2017-18 on Wednesday .

The MoU, which was signed by V Udaya Bhaskar, CMD, BDL and Ashok Kumar Gupta, IAS, secretary



(defence production) at New Delhi on July 18 outlines targets and various performance parameters for BDL for the financial year 2017-18.The revenue from operations, as per the MoU, has been targeted at `5,300 crore, which is an increase of 20 percent over the previous year.