Shares of BEML Ltd soared 6% on 13 March after the company announced signing Memorandum of Understandings (MoUs) with Siemens and Dragflow SRL. Italy Forge.
As a part of the agreement, Siemens and the company will explore opportunities in the railway industry.
In its regulatory filing, the company said, “BEML Limited and Siemens Limited, India, have signed a non-binding MoU to jointly explore opportunities in the semi-high-speed and suburban passenger train segments, as well as metro and commuter rail markets.”
In its MoU with Dragflow, both companies will strengthen indigenous dredging solutions.
Earlier in December, the company announced securing an order worth Rs 136 crore from the Ministry of Defence for High Mobility Vehicles (HMV) 8×8. These HMVs will be manufactured at the company’s state-of-the-art facilities and are engineered for exceptional reliability and versatility even in the toughest of conditions.
The vehicle boasts several advanced features, including an independent suspension system, a high-power air-cooled engine, a central tyre inflation system, an anti-lock braking system, and a backbone tube chassis design. These elements collectively enhance mobility, stability, and operational safety.
Designed to withstand extreme conditions, the HMV 8×8 operates efficiently in temperatures ranging from -20°C to +55°C and at altitudes of up to 5,000 meters.
Its modular architecture allows seamless integration of various superstructures without requiring special modifications, ensuring cost efficiency and high compatibility across BEML’s military vehicle lineup, from 4×4 to 12×12 configurations. This design approach simplifies maintenance and logistics, significantly improving operational efficiency for the armed forces.
At 3:30 pm, the shares of BEML closed 2.45% higher at Rs 2,551 on NSE.
Got BEML Ltd Questions? The Analyst is Ready.
Unlock profitable opportunities every day! Unicorn Signals provides actionable intraday trading signals for stocks and futures. Don’t miss out – download Unicorn Signals and start winning now!
