BEML Signs MoU with CSIR-NAL

BEML Limited signed a Memorandum of understanding (MoU) with Council of Scientific and Industrial Research (CSIR)-National Aeronautics Laboratory (NAL) to develop in the areas of advance composite and autoclaves; Mini unmanned aerial vehicles, Design & analysis of aircraft structure and systems.

BEML also teamed with NAL for joint development of 2 seater trainer aircraft through Technology of transfer (ToT).

At AERO SHOW, Bangalore Shri A K Srivastav, Director Defence & Aerospace exchanged the copies with Shri R Venkatesh, Director Business Development, NAL in the presence of Shri MV Rajasekhar, CMD, BEML.

This will help BEML to increase its footprint in the Aerospace sector.

Shares of BEML LTD. was last trading in BSE at Rs.940.9 as compared to the previous close of Rs. 942. The total number of shares traded during the day was 50246 in over 1247 trades.

The stock hit an intraday high of Rs. 948.8 and intraday low of 932. The net turnover during the day was Rs. 47248628.

Source : Equity Bulls

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