BEML bags Rs. 842 crores order from Ministry of Defence

BEML,the leading Defence equipment manufacturer, has bagged a prestigious order from Ministry of Defence for supply of 330 High Mobility Vehicles, for Pinaka Project at a value of Rs. 842 Crores.

Pinaka is a multi-barrel rocket launcher developed indigenously for the Indian Army and produced in India by involving Public Sector and Private Sector Defence Industries. The multi-barrel launcher system is mounted on the highly rugged BEML truck, much acclaimed for its off-road mobility and would provide the Indian Army with vital manoeuvrability on the battlefield.

This order is a big boost to BEML, involved in the manufacturing of the High Mobility Vehicles with superior features under Make in India program, thus demonstrating BEML's efforts under 'AtmaNirbhar Bharat'. The equipment will be manufactured by BEML at its Palakkad Plant in Kerala and would supply the vehicle platform to MoD in a span of 3 years.

Shares of BEML LTD. was last trading in BSE at Rs.664.75 as compared to the previous close of Rs. 711.25. The total number of shares traded during the day was 156044 in over 4080 trades.

The stock hit an intraday high of Rs. 727 and intraday low of 662.4. The net turnover during the day was Rs. 108236368.

Source : Equity Bulls

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