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.