BEML Share Price Rises Over 3% After Securing ₹136 Crore Defence Contract

BEML Limited, a premier defence public sector enterprise, has won a significant ₹136 crore contract from the Ministry of Defence for High Mobility Vehicles (HMVs) 8×8. This achievement aligns with the Government’s Atmanirbhar Bharat initiative, aimed at strengthening indigenous capabilities in defence manufacturing.

The HMVs will be integral to the Battle Field Surveillance System (BFSS) Project, bolstering India’s strategic defence infrastructure. Following the announcement, BEML’s share price gained over 3% as of December 11, 2024, at 11:55 am. 

State-of-the-Art Technology for Extreme Conditions

BEML’s HMVs, designed and manufactured at its advanced facilities, come equipped with cutting-edge features:

• Independent suspension system
• High-power air-cooled engine
• Central tyre inflation system
• Anti-lock braking system
• Backbone tube chassis design

These vehicles are engineered to operate in harsh environments, from -20°C to +55°C, and altitudes up to 5,000 meters, ensuring exceptional reliability and mobility.

Versatility Through Modular Architecture

The modular design of the HMV 8×8 allows the integration of various superstructures without extensive modifications, enhancing cost-efficiency and operational adaptability. This design philosophy ensures high commonality across BEML’s military vehicle range, from 4×4 to 12×12 configurations, simplifying maintenance and logistics for the armed forces.

A Legacy of Excellence in Defence Manufacturing

BEML’s contributions to India’s defence sector span decades, with a portfolio including:

• Rocket and missile launchers
• Armoured Recovery and Repair Vehicles
• Tactical Unmanned Aerial Vehicles
• Pontoon Bridge Systems

About BEML

BEML Limited, under the Ministry of Defence, is a Schedule A company operating across Defence & Aerospace, Mining & Construction, and Rail & Metro. With state-of-the-art manufacturing facilities and a strong R&D base, BEML continues to drive innovation in India’s core sectors.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.