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BEML, HEC ink MoU to meet requirements of mining industry

31 Jul 2018 Evaluate

BEML and Heavy Engineering Corporation (HEC) have signed a Memorandum of understanding (MoU) to meet the growing requirements of the mining industry. Both the companies having synergy in its product profile, will manufacture and supply products such as ‘Rope Shovels & Walking Draglines’ to cater to the needs of the mining industry.

Under this MoU, BEML and HEC, will combine their rich experience and expertise in the field of manufacture and marketing of heavy engineering and mining machinery, would jointly work for Manufacturing, Marketing, Supply, Erection 8i Commissioning and After-Sales-Service support for the jointly identified products.

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.


Peers
Company Name CMP
BEML 1974.70
Action Const. Equip 1027.35
Sanghvi Movers 345.20
TIL 207.65
Brady & Morris Engg. 549.05
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