Mumbai, October 24 (Udaipur Kiran): Shares of BEML Limited surged on Thursday after the company announced the signing of a Memorandum of Understanding (MoU) with Tesmec S.p.A, Italy, to introduce advanced Surface Miner equipment for mining applications in India.
At the BSE, the stock was trading at ₹4,525.30, up ₹127.50 or 2.90% from its previous close of ₹4,397.80. The scrip opened at ₹4,438.00 and touched an intraday high of ₹4,553.50 and a low of ₹4,431.85, with 47,432 shares traded on the counter.
The BSE Group ‘A’ stock, with a face value of ₹10, has recorded a 52-week high of ₹4,874.85 (23-Jun-2025) and a 52-week low of ₹2,346.35 (03-Mar-2025). The company’s market capitalisation currently stands at ₹18,729.20 crore. Promoters hold 54.03%, while institutions and non-institutional investors own 24.35% and 21.61%, respectively.
The new partnership with Tesmec S.p.A, a leading Italian manufacturer of high-performance trenchers and surface miners, aims to expand BEML’s mining equipment portfolio and enhance its capabilities in open-cast mining technology. The collaboration will focus on introducing and indigenizing advanced Surface Miner equipment for use in the Indian mining industry.
This marks another strategic international tie-up for BEML, which had earlier signed an MoU with Kineco to collaborate on advanced composite manufacturing for aerospace and defence applications.
BEML Limited, a key Public Sector Undertaking (PSU), manufactures rail coaches, spare parts, and mining equipment, and plays a vital role in India’s defence, rail, and infrastructure sectors.
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.
