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BEML inks MoU with Dredging Corporation of India

19 Apr 2016 Evaluate

With an objective of strengthening the ‘Make in India’ initiative by Government, BEML has signed a Memorandum of Understanding (MoU) with Dredging Corporation of India for indigenous design, development and manufacture of spares for dredgers. This MoU is for supply of various type of spares for the existing Dredgers and also supply of Backhoe Excavators for new Dredgers. Spares include heavy fabricated and machined components and hydraulic aggregates. By  leveraging  the  infrastructure  and  technology  base  developed  for  Mining & Construction Machinery, BEML has entered into Dredging Business.

BEML, the brand name over a period of five decades, known for its huge Mining & Construction Equipment like Dozers, Excavators, Draglines, Rope Shovels, Pipe Layers etc., has not only maintaining major share in the domestic market, but also has sizeable presence in overseas markets. 

Peers
Company Name CMP
BEML 1940.85
Action Const. Equip 1130.55
Sanghvi Movers 401.50
TIL 243.60
Brady & Morris Engg. 670.80
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