BHEL sign MoU with CSIR to push Make in India initiative

On Monday, BHEL announced that it had signed an MoU with the Council of Scientific and Industrial Research (CSIR) for commercialization and implementation of indigenously developed technologies by CSIR. The MoU is said to be in force for a duration of five years. This effort has been made under the 'Make In India' initiative.

The first project to be taken up will be commercialization of various water purification/sewage disposal related technologies.

CSIR, is amongst the foremost scientific and industrial research organisation of the world while BHEL is one of India’s key engineering and manufacturing enterprise in executing large engineering, procurement, construction (EPC) contracts and commercializing the developed technologies for sustainable business solutions in the field of energy, industry, transmission, transportation renewables, defence and aerospace, oil and gas, water, energy storage, and e-mobility.

At 2.00 pm on Monday, BHEL traded at Rs. 46.70 with gains of 0.65 per cent in tune with the overall market. The 52-week high was recorded at Rs. 78.75 and 52-week low was recorded at Rs. 41.35.