Friday, 24 March, 2023

BEL, Hyperion signs contract worth $73M

<p>Bharat Electronics Limited (BEL), a &#39;navaratna&#39; company, and US-based Hyperion Global Group, LLC, an infrastructure telecommunication distribution company, signed a contract worth $73M to develop, manufacture, and provide IoT devices for the US market. Under the terms of the contract, Bengaluru-based BEL would manufacture and supply the devices to Hyperion during the first year of supply, with a provision for product upgrades worth $365M over the next five years.</p>