BEML has bagged order from the Ministry of Defence for supply of High Mobility Vehicles (HMVs) 8X8 with contract value of around Rs 282 crore.
Earlier, the company and TuTr Hyperloop (THPL) had signed a non-binding Memorandum of Understanding (MoU) for developing and deploying innovative high-speed mobility solutions and optimized transportation technologies for various projects, including but not limited to Hyperloop, LIM-based cargo transport, and customized wagons etc.
BEML is a Public Sector Undertaking for manufacture of Rail Coaches & Spare Parts and Mining Equipment.