BEML gains on entering into three licensing agreements with VRDE
BEML is currently trading at Rs. 4436.50, up by 72.10 points or 1.65% from its previous closing of Rs. 4364.40 on the BSE.
The scrip opened at Rs. 4366.45 and has touched a high and low of Rs. 4441.35 and Rs. 4355.60 respectively. So far 14620 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5489.15 on 05-Jul-2024 and a 52 week low of Rs. 2346.35 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 4567.50 and Rs. 4322.00 respectively. The current market cap of the company is Rs. 18300.05 crore.
The promoters holding in the company stood at 54.03%, while Institutions and Non-Institutions held 25.94% and 20.02% respectively.
BEML has entered into three licensing agreements with the Vehicles Research and Development Establishment (VRDE), a premier DRDO laboratory, for the Transfer of Technology to manufacture critical mobility and support systems for the Indian Army's Armoured Corps.
Under these agreements, BEML will indigenously develop and produce the Unit Maintenance Vehicle (UMV) and Unit Repair Vehicle (URV) for MBT Arjun, and the Full Trailer for 70T Tank Transporter equipped with an Advanced Hydraulic Suspension System.
This collaboration marks a significant milestone in enhancing the Indian Army's operational capabilities through fully indigenous, next-generation solutions aligned with the Government of India's ‘Aatmanirbhar Bharat’ vision to achieve self-reliance in critical defence technologies
BEML is a Public Sector Undertaking for manufacture of Rail Coaches & Spare Parts and Mining Equipment.
