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BEML signs MoU with Sagarmala Finance Corporation

05 Dec 2025 Evaluate

BEML has signed a strategic Memorandum of Understanding (MoU) with Sagarmala Finance Corporation (SMFCL) to unlock dedicated financial support for India’s domestic maritime manufacturing ecosystem.

Recently, BEML, HD Korea Shipbuilding & Offshore Engineering and HD Hyundai Samho Heavy Industries have signed a tripartite Memorandum of Understanding (MoU) to jointly design, develop, manufacture, and support next-generation conventional & autonomous maritime and port cranes in India, complemented by full after-sales, spares, and training support.

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


Peers
Company Name CMP
BEML 2005.85
Action Const. Equip 1249.95
Sanghvi Movers 411.65
TIL 241.00
Brady & Morris Engg. 675.00
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