BEML Ltd, the public sector mining and construction equipment manufacturer, has entered into a partnership with Sumber Mitra Jaya (SMJ) of
Under the eligibility norms, only a consortium that has mined 10 million tonnes of coal in the last two years can participate in the tender. SMJ, the flagship of Indonesian Group Mitra Jaya, has wide expertise in contract coal mining and production. The consortium approach includes agreement for investments in contract mining, with BEML holding 30 per cent stake in the joint venture.
BEML’s investment will include equity participation by way of cash and equipment, spares and services while SMJ will take care of the other responsibilities including planning and execution of contract mining. A formal joint venture would be formed after the outcome of the tender.
BEML is also exploring the possibilities of setting up a company in
| Company Name | CMP |
|---|---|
| BEML | 1934.65 |
| Action Const. Equip | 905.65 |
| Sanghvi Movers | 335.80 |
| TIL | 216.00 |
| Brady & Morris Engg | 917.35 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: