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:
Construction of five Inland Cutter Suction Dredgers of varying capacities, supporting domestic shipbuilding under the Atmanirbhar Bharat initiative.
Supply of Cable Dredgers and Long Reach Excavators equipped with dredge pumps for dredging and de-siltation projects in dams, reservoirs, and lakes.
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.
