Don’t think HBL will have any role in it. BEL works on a Transfer-of-Technology (ToT) with an Israeli company - Reshef Fuzes (subsidiary of Aryt Industries). There is an article in Haaretz (a popular Israeli News Publication):
Aryt’s main customers are the IDF and the Indian Army. The company has had a long-standing partnership with the BEL company of the Indian Ministry of Defense. Aryt assisted its Indian partner in setting up a factory to assemble fuzes and regularly provides technical assistance in the production and supply of fuze components.
BEL (in partnership with Reshef) is the main supplier of the Indian Army and delivers tens of millions of dollars in orders. “In 2015, we signed an agreement with BEL to help them with everything related to fuze solutions,” Steffler says. “To date, BEL has supplied about a million fuzes to the Indian army, all with our backing and assistance.”
Source: Shooting a Shell Without an Advanced Fuze Is Like Burning Money.
In the same article the there is a reference to this contract won by BEL:
Lately, one of Reshef’s biggest achievements was winning a sizable tender from the Indian Ministry of Defense amounting to hundreds of millions of dollars, with Reshef’s share in the tender in the amount of 170-190 million dollars. “There was a major breakthrough after BEL won a huge tender for a period of ten years, which will bring us projects of some tens of millions of shekels every year for the next decade. Winning the tender is based on our technical advantages. Reshef’s technical capabilities gave the Indian Army the confidence that it was worthwhile to work with us.”
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