BEML bags order worth Rs 557 crore from Defence Ministry

BEML Limited informed the bourses on Tuesday that it has secured an order worth Rs 557 crore. 

The acquisition wing of Ministry of Defence (MoD) has signed a contract with BEML for the procurement of 1,512 mine plough (MP) for tank T-90 S/SK at an approximate cost of Rs 557 crore. The contract has ‘Buy and Make Indian’ categorisation with a minimum of 50 per cent indigenous content in the make portion of the contract.

These mine ploughs will be fitted on T-90 tanks of Indian Armoured Corps, which will facilitate individual mobility to tanks while negotiating a minefield. The mobility of the tank fleet will enhance manifold, which in turn, would extend the reach of armoured formation deep into enemy territory without becoming mine causality.

With the induction of these 1,512 mine ploughs, which is scheduled to be completed by 2027, the combat capability of the army will be further enhanced. These mine ploughs will be fitted on T-90 tanks of Indian Armoured Corps that will facilitate individual mobility to tanks while negotiating minefields.

BEML, a leading mining and construction equipment manufacturer, has designed and developed indigenously over 40 products through its R&D; not only in India but also in 65 countries around the world.

The stock of BEML opened today gap-up at Rs 660 as against the previous close of Rs 642.05. However, later, it cooled down and settled for the day at Rs 649.75, up by 1.2 per cent.