BEML Secures ₹136 Crore Contract from Ministry of Defence for High Mobility Vehicles

National | Dated: 16 Dec 2024

BEML Limited has been awarded a ₹136-crore contract by the Ministry of Defence to supply indigenously designed High Mobility Vehicles (HMVs) for the Battlefield Surveillance System (BFSS) project. These vehicles will primarily be manufactured at BEML's Palakkad plant. Shantanu Roy, CMD of BEML, highlighted that this contract reflects the company's commitment to innovation and self-reliance in defence manufacturing, contributing to India's Atmanirbhar Bharat mission. Recently, BEML also signed an MoU with Mazagon Dock Shipbuilders Ltd to enhance research and development for marine applications. This contract is part of BEML's broader strategy to focus on defense, rail, and metro sectors.

🎯 Key Highlights:

  • - Vehicles will be used for the Battlefield Surveillance System (BFSS) project.
  • - HMVs will be primarily manufactured at BEML's Palakkad plant.

💡 Other Important Facts:

  • (i) BEML recently signed an MoU with Mazagon Dock Shipbuilders Ltd for marine R&D.

📚 Test Your Knowledge:

Which project will the High Mobility Vehicles (HMVs) supplied by BEML be used for?

Correct Answer: Battlefield Surveillance System (BFSS)

🚀 Quick Recap:

About BEML Ltd. :

  • Full Form: Bharat Earth Movers Limited, Established: May 1964
  • Type: Public Sector Undertaking (PSU), Ownership: Government of India holds 54% equity, while the remaining 46% is held by the public, financial institutions, foreign institutional investors, banks, and employees