BEML Secures ₹136 Crore Contract from Ministry of Defence for High Mobility Vehicles
National
BEML Limited has been awarded a ₹136-crore contract by the Ministry of Defence to supply indigenously designed High Mobility Vehicles (HMVs) for the Battlefield Surveillance System (BFSS) project. These vehicles will primarily be manufactured at BEML's Palakkad plant. Shantanu Roy, CMD of BEML, highlighted that this contract reflects the company's commitment to innovation and self-reliance in defence manufacturing, contributing to India's Atmanirbhar Bharat mission. Recently, BEML also signed an MoU with Mazagon Dock Shipbuilders Ltd to enhance research and development for marine applications. This contract is part of BEML's broader strategy to focus on defense, rail, and metro sectors.
- Vehicles will be used for the Battlefield Surveillance System (BFSS) project.
- HMVs will be primarily manufactured at BEML's Palakkad plant.
Main Point :- (i) BEML recently signed an MoU with Mazagon Dock Shipbuilders Ltd for marine R&D.
Full Form: Bharat Earth Movers Limited, Established: May 1964
Type: Public Sector Undertaking (PSU), Ownership: Government of India holds 54% equity, while the remaining 46% is held by the public, financial institutions, foreign institutional investors, banks, and employees
____________________________
