Mumbai, October 31 (Udaipur Kiran): Shares of BEML Limited rose over 1% in early trading on Friday after the company announced that it has signed three non-binding Memorandums of Understanding (MoUs) worth ₹350 crore with Dredging Corporation of India Limited (DCIL) to boost indigenous manufacturing and dredging capabilities under the ‘Atmanirbhar Bharat’ Mission.
The stock opened at ₹4450.00 on the BSE and was trading at ₹4488.90, up ₹48.45 or 1.09% from its previous close of ₹4440.45. It touched an intraday high of ₹4500.00 and a low of ₹4430.00, with 121 shares traded so far.
BEML’s market capitalization currently stands at ₹18,492.03 crore. The company’s 52-week high is ₹4874.85 (23-Jun-2025) and its 52-week low is ₹2346.35 (03-Mar-2025). Over the past week, the stock has traded between ₹4535.00 and ₹4277.00.
As per the shareholding pattern, promoters hold 54.03%, while institutions and non-institutions hold 24.35% and 21.61%, respectively.
Details of the MoUs
The three MoUs between BEML and DCIL include:
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Construction of five Inland Cutter Suction Dredgers of varying capacities, supporting domestic shipbuilding under the Atmanirbhar Bharat initiative.
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Supply of Cable Dredgers and Long Reach Excavators equipped with dredge pumps for dredging and de-siltation projects in dams, reservoirs, and lakes.
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Supply of Indigenous Spares for existing DCIL dredgers, ensuring long-term operational efficiency and reduced import dependency.
The partnership will enhance India’s self-reliance in dredging equipment manufacturing while providing customized dredging solutions for critical inland and coastal infrastructure projects.
About BEML Limited:
BEML, a leading Public Sector Undertaking (PSU) under the Ministry of Defence, is engaged in the manufacturing of rail coaches, spare parts, mining and construction equipment. The company plays a crucial role in India’s industrial infrastructure development and defence production ecosystem.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.