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BEML gains on inking MoU with L&T

BEML Ltd. | Construction Vehicles | Capital Goods & Industrial Consumables | BSE: 500048 | NSE: BEML

17 Jul 2018 Evaluate

BEML is currently trading at Rs. 789.95, up by 19.90 points or 2.58% from its previous closing of Rs. 770.05 on the BSE.

The scrip opened at Rs. 789.95 and has touched a high and low of Rs. 789.95 and Rs. 780.00 respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1947.45 on 19-Sep-2017 and a 52 week low of Rs. 762.10 on 16-Jul-2018.

Last one week high and low of the scrip stood at Rs. 863.50 and Rs. 762.10 respectively. The current market cap of the company is Rs. 3206.83 crore.

The promoters holding in the company stood at 54.03%, while Institutions and Non-Institutions held 26.89% and 19.08% respectively.

BEML and Larsen & Toubro (L&T) has signed a Memorandum of Understanding (MoU) to jointly capitalise on the emerging opportunities in the domestic and export markets for defence products and systems.

The co-operation between the two organisations is aimed to leverage on 'Make in India' initiative for increased value addition within the country in development/manufacturing and long-term support for defence and export business in identified areas/projects/programs, thus synergising their combined strengths.

BEML and L&T have collaborated and partnered on co-development and production of significant subsystems involving complex technologies and advanced engineering equipment such as Sarvatra Bridging Systems and various other vehicular platform-based systems for the Indian MoD.

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

BEML Share Price

1771.10 30.95 (1.78%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
BEML	1771.10
Action Const. Equip	916.35
Sanghvi Movers	304.25
TIL	206.55
Brady & Morris Engg	828.40
View more..

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BEML gains on inking MoU with L&T

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