Stock Report

BEML Ltd secures significant order for 50-Ton Trailer worth Rs. 83.51 crores from Ministry of Defence



Posted On : 2024-12-10 21:28:25( TIMEZONE : IST )

BEML Ltd secures significant order for 50-Ton Trailer worth Rs. 83.51 crores from Ministry of Defence

BEML Limited, a leading Public Sector Undertaking under the Ministry of Defence, Government of India, has successfully secured a contract from the Ministry of Defence for supplying of a 50-Ton Trailer valued at INR 83.51 crore. This order highlights BEML's strength and capability in delivering advanced, indigenous products to enhance India's defence infrastructure.

The 50-Ton heavy-duty Trailer is specifically designed for the transportation of battle tanks and features 12 twin-wheels for durability and stability in challenging terrains. With a payload capacity of 50 tonnes, the Trailer is engineered to be towed by the BEML HMV 8x8 vehicle. Notably, it includes advanced features such as a steerable turntable for 55-degree rotation in both directions, a twin-line air brake system, emergency brakes, and mechanically operated parking brakes. The rear chassis frame is equipped with a combination of fixed, hinged, and loose ramps to ensure the efficient loading of tanks.

Commenting on the achievement, Shri Shantanu Roy, Chairman & Managing Director of BEML Ltd, said, "We are proud to have the order and believe our capacity to build indigenized products at scale. This contract is a testament to our growing role in supporting the defence sector, and we look forward to expanding our contributions even further."

This order further strengthens BEML's reputation as a key partner in India's defence sector and demonstrates its unwavering commitment to supporting national interests through cutting-edge, indigenous solutions. It also reinforces BEML's role in advancing the capabilities of the Indian Army and the broader defence ecosystem.

Shares of BEML Limited was last trading in BSE at Rs. 4363.00 as compared to the previous close of Rs. 4391.00. The total number of shares traded during the day was 6676 in over 780 trades.

The stock hit an intraday high of Rs. 4425.70 and intraday low of 4334.10. The net turnover during the day was Rs. 29155524.00.

Source : Equity Bulls

Keywords

BEML INE258A01016 CommercialVehicles 50TonTrailer OrderWin MOD DefenceMinistry