Garware-Wall Ropes (GWRL) has entered into a Memorandum of Understanding (MoU) with Israel’s Aero-T showing intention to combine their capability for manufacturing and supply of advanced aerostats for Indian Defence.
The MoU between both the entities envisage intention of the parties to establish future co-operation between both companies to facilitate a fully indigenised development, production, delivery and maintenance support for advanced aerostats required for both military and civilian use. The intended co-operation will entail GWRL establishing an aerostat envelope production facility and Aero-T providing the technology, know-how, integration, acceptance and continuous support for the aerostats development & production. Simultaneously, there will be co-operation with Indian R&D establishments, such as DRDO/ADRDE and the end customers to understand their needs and co-develop customized solutions.
Aero-T is a subsidiary of Israel based RT LTA Systems, a designer, developer and manufacturer of world class Aerostats. Aero-T possesses complete know-how for developing and operating a variety of aerostats based on cutting edge technologies accumulated over 30 years of Lighter Than Air (LTA) operations. The team of Aero-T consists of LTA experts with extensive experience in Israel and other countries globally.
GWRL is one of India’s leading players in the technical textiles sector, providing specialized solutions to the cordage and infrastructure industry worldwide.
| Company Name | CMP |
|---|---|
| PDS | 570.40 |
| Welspun Living | 148.25 |
| Vardhman Textiles | 477.40 |
| Arvind | 384.55 |
| K.P.R. Mill | 957.00 |
| View more.. | |
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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