New Delhi, Sept. 1 -- BHEL share price gained over 2% on Monday after the company announced signing of an agreement with a research laboratory of the Defence Research and Development Organisation (DRDO). The defence stock rose as much as 2.52% to Rs.213.20 apiece on the BSE.

The state-run Bharat Heavy Electricals Ltd (BHEL) said that it signed a License Agreement for Transfer of Technology (LAToT) with Defence Metallurgical Research Laboratory (DMRL), Hyderabad, a research laboratory of the DRDO.

The scope of business operation of agreement includes the LAToT for the manufacture of Fused Silica Radar Domes by Cold Isostatic Pressing and Sintering Route.

DMRL has transferred this critical technology to BHEL. The Fused Silica Radar Domes...