BEML zooms on inking MoU with Tesmec S.p.A
BEML is currently trading at Rs. 4525.30, up by 127.50 points or 2.90% from its previous closing of Rs. 4397.80 on the BSE.
The scrip opened at Rs. 4438.00 and has touched a high and low of Rs. 4553.50 and Rs. 4431.85 respectively. So far 47432 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4874.85 on 23-Jun-2025 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. 4553.50 and Rs. 4325.10 respectively. The current market cap of the company is Rs. 18729.20 crore.
The promoters holding in the company stood at 54.03%, while Institutions and Non-Institutions held 24.35% and 21.61% respectively.
BEML and M/s. Tesmec, S.p.A Italy have entered into a Memorandum of Understanding (MoU). The companies have entered into MoU for introducing Surface Miner equipment by BEML for Mining application.
Earlier, BEML and Kineco had entered into a Memorandum of Understanding. The companies have entered into MoU to collaborate in the field of advanced composite manufacturing for aerospace and Defence applications.
BEML is a Public Sector Undertaking for manufacture of Rail Coaches & Spare Parts and Mining Equipment.
