Latest news with #MBTArjun
Economic Times
7 days ago
- Business
- Economic Times
BEML shares in focus after winning Rs 294-crore order from Defence Ministry for HMV 6X6 supply
Shares of state-run BEML will be in focus on Thursday after the company announced it had secured an order worth approximately Rs 293.82 crore from the Ministry of Defence for the supply of High Mobility Vehicles (HMV) 6x6. ADVERTISEMENT 'BEML Limited has bagged an order from the Ministry of Defence for the supply of HMV 6X6 with a contract value of Rs 293.82 crore approximately,' the company said in a stock exchange filing. In June, BEML also signed three licensing agreements with the Defence Research and Development Organisation's (DRDO) Vehicle Research and Development Establishment (VRDE) to manufacture advanced mobility and support systems for the Indian Army's Armoured Corps. Under the agreements, BEML will indigenously develop and produce the Unit Maintenance Vehicle (UMV) and Unit Repair Vehicle (URV) for the MBT Arjun tank, as well as a full trailer for a 70-tonne tank transporter equipped with an advanced hydraulic suspension system.'This collaboration marks a significant milestone in enhancing the Indian Army's operational capabilities through next-generation, indigenous solutions, aligned with the Government of India's Aatmanirbhar Bharat vision,' BEML said in a statement. ADVERTISEMENT For the quarter ended March 31, 2025, BEML posted a net profit of Rs 287.5 crore, up 12% from Rs 257 crore in the same quarter last year. Revenue rose 9.1% year-on-year to Rs 1,652.5 crore, driven by strong performance across business increased 13.9% to Rs 422.6 crore, while operating margins improved to 25.57% from 24.5% a year earlier, reflecting better cost efficiency. ADVERTISEMENT Headquartered in Bengaluru, BEML is a key manufacturer of earthmoving, rail, transport, and mining of BEML closed at Rs 4,286.10 on the BSE, down Rs 58.70 or 1.35%. ADVERTISEMENT According to Trendlyne, the average target price for BEML is Rs 4,129, suggesting a potential downside of around 4% from current levels. Of the two analysts tracking the stock, the consensus rating is 'Buy. ' (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
24-07-2025
- Business
- Time of India
BEML shares in focus after winning Rs 294-crore order from Defence Ministry for HMV 6X6 supply
Shares of state-run BEML will be in focus on Thursday after the company announced it had secured an order worth approximately Rs 293.82 crore from the Ministry of Defence for the supply of High Mobility Vehicles (HMV) 6x6. 'BEML Limited has bagged an order from the Ministry of Defence for the supply of HMV 6X6 with a contract value of Rs 293.82 crore approximately,' the company said in a stock exchange filing. Explore courses from Top Institutes in Please select course: Select a Course Category CXO Others Public Policy Technology Management Digital Marketing healthcare Finance Data Science Product Management Artificial Intelligence MCA Data Science Cybersecurity Degree Design Thinking others PGDM MBA Leadership Healthcare Project Management Operations Management Data Analytics Skills you'll gain: Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Duration: 24 Weeks Indian School of Business ISB Chief Technology Officer Starts on Jun 28, 2024 Get Details Skills you'll gain: Operations Strategy for Business Excellence Organizational Transformation Corporate Communication & Crisis Management Capstone Project Presentation Duration: 11 Months IIM Lucknow Chief Operations Officer Programme Starts on Jun 30, 2024 Get Details Skills you'll gain: Digital Strategy Development Expertise Emerging Technologies & Digital Trends Data-driven Decision Making Leadership in the Digital Age Duration: 40 Weeks Indian School of Business ISB Chief Digital Officer Starts on Jun 30, 2024 Get Details Skills you'll gain: Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Duration: 10 Months IIM Kozhikode IIMK Chief Marketing and Growth Officer Starts on Apr 7, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Malaysia: New Container Houses (Prices May Surprise You) Container House | Search ads Search Now Undo In June, BEML also signed three licensing agreements with the Defence Research and Development Organisation's (DRDO) Vehicle Research and Development Establishment (VRDE) to manufacture advanced mobility and support systems for the Indian Army's Armoured Corps. Under the agreements, BEML will indigenously develop and produce the Unit Maintenance Vehicle (UMV) and Unit Repair Vehicle (URV) for the MBT Arjun tank, as well as a full trailer for a 70-tonne tank transporter equipped with an advanced hydraulic suspension system. 'This collaboration marks a significant milestone in enhancing the Indian Army's operational capabilities through next-generation, indigenous solutions, aligned with the Government of India's Aatmanirbhar Bharat vision,' BEML said in a statement. Live Events BEML Q4 earnings For the quarter ended March 31, 2025, BEML posted a net profit of Rs 287.5 crore, up 12% from Rs 257 crore in the same quarter last year. Revenue rose 9.1% year-on-year to Rs 1,652.5 crore, driven by strong performance across business segments. EBITDA increased 13.9% to Rs 422.6 crore, while operating margins improved to 25.57% from 24.5% a year earlier, reflecting better cost efficiency. Headquartered in Bengaluru, BEML is a key manufacturer of earthmoving, rail, transport, and mining equipment. Shares of BEML closed at Rs 4,286.10 on the BSE, down Rs 58.70 or 1.35%. BEML share price target According to Trendlyne, the average target price for BEML is Rs 4,129, suggesting a potential downside of around 4% from current levels. Of the two analysts tracking the stock, the consensus rating is 'Buy. ' ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
10-06-2025
- Automotive
- Time of India
BEML shares in focus after licensing deal With DRDO to manufacture advanced combat support vehicles for Army
BEML shares will be in focus on Tuesday after the company signed three licensing agreements with the Defence Research and Development Organisation's (DRDO) Vehicles Research and Development Establishment (VRDE) to manufacture advanced mobility and support systems for the Indian Army 's Armoured Corps. Under the agreements, BEML will indigenously develop and produce the Unit Maintenance Vehicle (UMV) and Unit Repair Vehicle (URV) for the MBT Arjun tank, as well as a full trailer for a 70-tonne tank transporter equipped with an advanced hydraulic suspension system. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giường thông minh tồn kho từ năm 2022 - [Xem giá] Giường Thông Minh | Quảng Cáo Tìm Kiếm 'This collaboration marks a significant milestone in enhancing the Indian Army's operational capabilities through next-generation, indigenous solutions, aligned with the Government of India's Aatmanirbhar Bharat vision,' BEML said in a statement. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Also Read: KEI Industries, DCB Bank among 10 small-cap stocks analysts expect to gain up to 75% Defence Stocks in Focus on Rs 30,000 Cr QRSAM Boost Defence-related stocks such as Bharat Electronics (BEL), Bharat Dynamics (BDL), Data Patterns, Paras Defence , and BEML are expected to remain in focus amid reports that the Indian Army is set to acquire Quick Reaction Surface-to-Air Missile (QRSAM) systems worth Rs 30,000 crore. Live Events According to news agency ANI, the Defence Ministry will soon review a proposal to procure three QRSAM regiments for Army Air Defence, intended for deployment along the western and northern borders. The DRDO-developed missile systems are designed for rapid deployment, with the capability to track and engage targets while on the move. Also Read: Dixon Technologies, LIC Housing Finance among 10 mid-cap stocks analysts expect to gain up to 40% The QRSAM, with a range of 30 km, will complement existing systems like Akash and MRSAM. Officials said the system has undergone successful day and night trials. The Defence Acquisition Council is likely to take up the proposal later this month. This development comes amid heightened tensions, where Indian Army air defence units recently countered cross-border drone threats using L-70 and Zu-23 guns, while platforms like Akash, MRSAM, Spyder, and S-400 also played key roles. To bolster readiness, the Army is also expected to induct new radars, very short-range air defence systems, and anti-drone technologies, including jammers and laser-based systems. Also Read: Vishal Mega Mart, SBI Card among 8 large & midcap stocks that hit 52-week highs on Monday ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
United News of India
09-06-2025
- Automotive
- United News of India
BEML, DRDO sign Transfer of Technology pact
Bengaluru, June 9 (UNI) In a major thrust to India's defence indigenisation drive, BEML Limited has signed three Licensing Agreements with the Defence Research and Development Organisation (DRDO) for the Transfer of Technology (ToT) to manufacture critical mobility and support systems for the Indian Army's Armoured Corps. The agreements were signed with the Vehicles Research and Development Establishment (VRDE), a premier DRDO laboratory, and will enable BEML to indigenously produce the Unit Maintenance Vehicle (UMV) and Unit Repair Vehicle (URV) for MBT Arjun, as well as a Full Trailer for 70-tonne Tank Transporters with advanced hydraulic suspension. The Licensing Agreements were formally handed over by Dr Samir V Kamat, Secretary, Department of Defence R&D and Chairman, DRDO, to Sanjay Som, Director (Mining & Construction), BEML Ltd, at a ceremony held at VRDE, Ahmednagar on June 7. Also present were G Ramamohana Rao, Director, VRDE; Dr Prateek Kishor, Director General (Armament and Combat Engineering), DRDO; senior DRDO scientists, and industry representatives. "This collaboration is a milestone in strengthening the Indian Army's operational capabilities with next-generation indigenous solutions, fully aligned with the Government's 'Aatmanirbhar Bharat' initiative," said BEML Chairman and Managing Director Shantanu Roy. The transferred technologies include two critical support vehicles for the Arjun Main Battle Tank (MBT) fleet. The Unit Maintenance Vehicle (UMV) is designed to perform first-line maintenance and light repairs on electrical and mechanical assemblies in field conditions, ensuring the tank's operational continuity. The Unit Repair Vehicle (URV) serves as a second-line repair system, capable of conducting field repairs on vital components, thereby improving the uptime and combat effectiveness of the Arjun MBT fleet. Additionally, the Full Trailer for the 70-tonne Tank Transporter has been developed to move heavy armoured vehicles like the Arjun MBT Mk-1A. This trailer features a modular hydraulic suspension system and steerable axles, offering enhanced mobility and manoeuvrability across a variety of terrains, including metalled, gravelled, and unpaved roads. The agreement reflects BEML's expanding role in building a robust indigenous defence manufacturing ecosystem and meeting the evolving demands of modern warfare. BEML, a 'Schedule A' company under the Ministry of Defence, operates across three key verticals – Defence & Aerospace, Mining & Construction, and Rail & Metro – with manufacturing facilities in Bengaluru, Kolar Gold Fields, Mysuru, and Palakkad. UNI BDN SSP
&w=3840&q=100)
Business Standard
09-06-2025
- Automotive
- Business Standard
BEML signs agreement with DRDO to manufacture combat support vehicle
Under these agreements, Bharat Earth Movers Limited (BEML) will indigenously develop and produce the Unit Maintenance Vehicle (UMV) and Unit Repair Vehicle (URV) Press Trust of India Bengaluru BEML Limited on Monday said it has entered into three licensing agreements with the Vehicles Research and Development Establishment (VRDE), a premier DRDO laboratory, for the Transfer of Technology to manufacture critical mobility and support systems for the Indian Army's Armoured Corps. Under these agreements, Bharat Earth Movers Limited (BEML) will indigenously develop and produce the Unit Maintenance Vehicle (UMV) and Unit Repair Vehicle (URV) for MBT Arjun, and the Full Trailer for 70T Tank Transporter equipped with an Advanced Hydraulic Suspension System. This collaboration marks a significant milestone in enhancing the Indian Army's operational capabilities through fully indigenous, next-generation solutions aligned with the Government of India's "Aatmanirbhar Bharat" vision to achieve self-reliance in critical defence technologies, BEML said in a release.
