BEML bagged orders for supply of High Mobility Vehicles from MoD

BEML LIMITED, the leading Defence equipment manufacturer and a 'Schedule A' Company under the Ministry of Defence (MoD) received prestigious orders from MoD for supply of High Mobility vehicles, at an approximate value of Rs 758 Crore.

These High Mobility vehicles would play a key role in the logistics management of the Indian Army leveraging on its exceptional cross country capabilities. These vehicles would enable armoured fighting vehicles, troops, ammunitions and stores to be moved to far-flung, difficult terrains in operational areas.

The equipment will be manufactured at BEML's Palakkad Plant in Kerala and would supply the vehicles to Indian Army in a span of one year.

Shares of BEML LTD. was last trading in BSE at Rs.992.65 as compared to the previous close of Rs. 1007.9. The total number of shares traded during the day was 35814 in over 1765 trades.

The stock hit an intraday high of Rs. 1002 and intraday low of 985. The net turnover during the day was Rs. 35565188.

Source : Equity Bulls

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