BEML Bags ₹294 Cr Order From MoD for HMV

BEML Limited, a Schedule ‘A’ public sector enterprise under the MoD on said it has received an order worth Rs 293.81 crore from the Ministry of Defence for the supply of 150 indigenously designed high mobility vehicles (HMVs) 6×6.

BEML Bags ₹294 Cr Order from MoD for HMV

BEML Limited, a Schedule ‘A’ public sector enterprise under the MoD on said it has received an order worth Rs 293.81 crore from the Ministry of Defence for the supply of 150 indigenously designed high mobility vehicles (HMVs) 6×6. This latest contract follows another defence order worth Rs 185.7 crore awarded to BEML last week for the supply of bulldozers.

In another news relating tot he company, on Monday, BEML’s board approved a stock split, reducing the face value of each equity share from Rs 10 to Rs 5, a move aimed at improving liquidity and retail participation. The vehicles will primarily be manufactured at BEML’s Palakkad and Mysore plants, with additional production to be undertaken at other divisions based on operational feasibility.

Designed to deliver high reliability and versatility, the 6×6 HMVs are built to operate effectively in extreme terrains, diverse climatic conditions and at high altitudes, it explained. Key features of the HMVs include an independent suspension system, a high-power air-cooled engine, a central tyre inflation system, an anti-lock braking system, and a backbone tube chassis design ensuring superior mobility, stability, and operational safety.

“It also reinforces our ongoing support for the Government of India’s Make in India initiative and our mission to empower the nation’s armed forces with high quality, indigenously developed solutions,” he added. The HMVs are expected to play a key role in general operations, delivering essential services and logistical support to some of the most remote and inaccessible areas in the country.

About BEML

BEML Limited (formerly Bharat Earth Movers Limited) is an Indian public sector company under the Ministry of Defence, specializing in manufacturing products for the defense, mining, construction, and rail & metro sectors. It was established in 1964 and has four manufacturing complexes located in Bengaluru, Kolar Gold Fields, Mysuru, and Palakkad. It is headquartered in Bangalore. BEML is Asia’s second-largest manufacturer of earth moving equipment.

BEML manufactures a wide range of products to meet the needs of mining, construction, power, irrigation, fertiliser, cement, steel and rail sectors. The earthmoving equipment includes bulldozers, dump trucks, hydraulic excavators, wheel loaders, rope shovels, walking draglines, motor graders and scrapers.