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BEML enters into three licensing agreements with VRDE

10 Jun 2025 Evaluate

BEML has entered into three licensing agreements with the Vehicles Research and Development Establishment (VRDE), a premier DRDO laboratory, for the Transfer of Technology to manufacture critical mobility and support systems for the Indian Army's Armoured Corps.

Under these agreements, BEML will indigenously develop and produce the Unit Maintenance Vehicle (UMV) and Unit Repair Vehicle (URV) for MBT Arjun, and the Full Trailer for 70T Tank Transporter equipped with an Advanced Hydraulic Suspension System.

This collaboration marks a significant milestone in enhancing the Indian Army's operational capabilities through fully indigenous, next-generation solutions aligned with the Government of India's ‘Aatmanirbhar Bharat’ vision to achieve self-reliance in critical defence technologies

BEML is a Public Sector Undertaking for manufacture of Rail Coaches & Spare Parts and Mining Equipment. 

BEML Share Price

1740.15 30.30 (1.77%)
16-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BEML 1740.15
Action Const. Equip 914.30
Sanghvi Movers 300.95
TIL 212.55
Brady & Morris Engg 837.50
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