BEML Limited a Defence PSU and Wipro infrastructure Engineering (WIN) signed a Memorandum of Understanding (MoU) to work together in Aerospace, Industrial Automation, 3D Printing, Artificial Intelligence, and Hydraulic System Engineering. This is a first of its kind MoU for Wipro Infrastructure Engineering with a large Public Sector Enterprise in India.
The MoU entails working together on projects, products, systems, services and projects in Defence, DRDO Labs, DPSUs and other relevant government entities in India as well as export customers. Key focus areas include aerospace components and parts through SEZ, metal additive manufacturing and design optimization for new critical aggregates, legacy components & spares, and process automation.
Signing the MOU, Mr. D K Hota, CMD, BEML said, "This partnership will help both companies to make a significant contribution to indigenisation and 'Make in India' initiatives of the Gove'nment of India. This will provides us access to WIPRO's capabilities, experience, and skill. It enhances the business interests of both organizations."
Announcing the partnership Mr. Pratik Kumar, CEO, Wipro Infrastructure Engineering said, "BEML has a strong lineage of being a heavy engineering company. Given our focus on emerging technologies like SD Printing & Industrial Automation and sectors like Aerospace, Space and Defence, we see invaluable synergies in partnering with BEML."
Shares of BEML LTD. was last trading in BSE at Rs.835.05 as compared to the previous close of Rs. 839.05. The total number of shares traded during the day was 52961 in over 1928 trades.
The stock hit an intraday high of Rs. 857.4 and intraday low of 830. The net turnover during the day was Rs. 44698110.
Shares of WIPRO LTD. was last trading in BSE at Rs.246.9 as compared to the previous close of Rs. 245.4. The total number of shares traded during the day was 293250 in over 3144 trades.
The stock hit an intraday high of Rs. 247.8 and intraday low of 244.1. The net turnover during the day was Rs. 72124842.