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BEML surges on inking ‘Certificate of Partnership’ with Lockheed Martin Aeronautics

22 Feb 2019

BEML is currently trading at Rs. 802.30, up by 16.00 points or 2.03% from its previous closing of Rs. 786.30 on the BSE.

The scrip opened at Rs. 795.00 and has touched a high and low of Rs. 803.80 and Rs. 795.00 respectively. So far 6560 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1418.05 on 05-Mar-2018 and a 52 week low of Rs. 521.00 on 26-Oct-2018.

Last one week high and low of the scrip stood at Rs. 808.00 and Rs. 750.00 respectively. The current market cap of the company is Rs. 3274.51 crore.

The promoters holding in the company stood at 54.03%, while Institutions and Non-Institutions held 28.44% and 17.53% respectively.

BEML has signed a ‘Certificate of Partnership’ with US based Lockheed Martin Aeronautics Company at the ongoing Aero India 2019 at Bengaluru. This step opens up avenues for collaboration between the two companies to explore manufacturing of support equipment opportunities in aerospace.

The company has designed and developed various ground handling and ground support equipment for the prestigious LCA ‘Tejas’ project. BEML also manufactures Aircraft Towing Tractor, Crash-fire Tender, Aero-bridges and intricate varieties of installation and removal equipment for usage in airports.

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.

Related BEML Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323