Shares of BEML Ltd soared 7% on 4 September after the company received approval from the Defence Acquisition Council (DAC) for major procurements worth Rs 1.4 lakh crore for the Armed Forces. 

BEML, a public sector undertaking (PSU), is involved in the manufacturing of heavy equipment used across various industries, including earthmoving, railways, transport, and mining. 

The company also produces specialised vehicles such as BEML Tatra vehicles for all-terrain operations and supplies military-grade equipment like Engineering Mine Ploughs, Tank Transportation Trailers, Weapon Loading Equipment, Armoured Recovery Vehicles, and Milrail Coaches and Wagons.

BEML plays a crucial role in India’s Integrated Guided Missile Development Project by supplying ground support vehicles. The company has also developed a test track at its KGF Complex to test defence vehicles and equipment. 

Earlier, the company had inaugurated the prototype manufacturing of driverless metro trainsets 5RS-DM Project dedicated to fulfilling Bangalore Metro Rail Corporation’s (BMRCL) project for Lines 2 and 6, including the ambitious Bangalore Airport Line.

At 3:30 pm, the shares of BEML closed 6.68% higher at Rs 4,108 on NSE.

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