BEML Signs MoU with Tesmec S.p.A Italy to Introduce Surface Miner Equipment

BEML Limited announced that it has signed a Memorandum of Understanding (MoU) with Tesmec S.p.A., Italy, to introduce cutting-edge surface miner equipment for mining applications. The partnership aims to enhance BEML’s mining equipment portfolio and expand its technological collaboration with global leaders in mining solutions. 

BEML Collaborates with Tesmec to Expand Mining Capabilities

This MoU marks a strategic move by BEML Limited to strengthen its presence in India’s growing mining sector by introducing advanced surface miner technology. Tesmec S.p.A., an Italian company known for its specialised machinery in the energy and infrastructure sectors, will collaborate with BEML to provide equipment that improves efficiency and sustainability in mining operations. 

The collaboration is part of BEML’s ongoing efforts to diversify its mining product range and bring international innovation to the Indian market.

Enhancing Mining Operations with Advanced Surface Miner Equipment

The introduction of surface miner equipment through this partnership will enable more efficient and eco-friendly mining operations. These machines are designed to cut, crush, and load material in a single pass, reducing the need for traditional drilling and blasting. By incorporating Tesmec’s expertise, BEML seeks to provide state-of-the-art technology solutions to Indian mining companies, contributing to safer, cleaner, and more productive mining practices.

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Normal Course of Business and Regulatory Disclosure

BEML has clarified that the MoU with Tesmec S.p.A is executed in the normal course of business, indicating that it forms part of the company’s regular operational and strategic development activities. 

The official communication, signed by Urmi Chaudhury, Company Secretary & Compliance Officer, confirms the filing of this disclosure with both BSE and NSE on October 24, 2025. The partnership underscores BEML’s commitment to advancing technology collaboration with international players to support India’s infrastructure and mining growth.

BEML Share Price Performance

On October 24, 2025, the BEML share price opened at ₹4,438.00 on NSE, above the previous close of ₹4,397.00. During the day, it surged to ₹4,551.50 and dipped to ₹4,426.10. The stock is trading at ₹4,535.00 as of 11:28 AM. The stock registered a significant gain of 3.14%.

Over the past week, it has moved up by 2.64%, over the past month, it has moved up by 5.22%, and over the past 3 months, it has moved up by 5.54%.

Conclusion

BEML Limited’s MoU with Tesmec S.p.A Italy represents a significant step towards modernising India’s mining machinery segment. By introducing advanced surface miner technology, BEML continues to align with global standards in mining efficiency and sustainability, reinforcing its leadership in the heavy engineering and mining equipment industry.

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