BEML, CVRDE set up tech centre to expedite defence R&D

12 Dec 2011

BEML, the premier public sector company under the Ministry of Defense, in alliance with Combat Vehicle Research and Development Establishment (CVRDE) have set up a technology centre at latter's campus at Avadi, in the Chennai suburbs.

The BEML Technology Centre will expedite research and development, and industry collaboration in order to realize defence projects on a fast-track. The centre would synergise the capabilities of the Defence Research and Development Organisation (DRDO) and BEML in various projects.

In separate development, the company has recently forayed into dredging business. To exploit the emerging opportunities in the Dredging business on account of Marinetime Agenda announced by Government of India, which emphasizes on navigable depth of waterways, BEML signed a Memorandum of Agreement (MoA) with globally renowned Dredging Company, viz., Vosta LMG, Netherlands for the design, construct and deliver various type of Dredgers and other vessels to customers located in India and South East Asia.

BEML is a Public Sector Undertaking, operates on three major business verticals for associated equipment manufacturing namely mining and construction, defence and rail and metro. It manufactures rail coaches and spare parts and mining equipment at its Bangalore complex.

Related BEML Ltd. Links:

BEML Share Price

952.55 2.70 (0.28%) Nov 15, 18:01
1 Year Price Chart
Peers
Company Name CMP
BHEL 54.15
Bharat Electronics 111.20
Thermax 1050.50
ISGEC Heavy Engg. 397.60
BEML 952.55
View more..
Sensex vs BEML
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463