Shares of government-run BEML Ltd rallied 4% on 11 December after the company announced that it was securing an order worth Rs 136 crore from the Ministry of Defence (MoD) to supply high mobility vehicles (HMV) 8×8. 

The vehicles will serve a critical function in the Battlefield Surveillance System (BFSS), featuring advanced capabilities such as an independent suspension system, central tyre inflation, a high-power air-cooled engine, an anti-lock braking system, and a backbone tube chassis design. They are engineered to perform under extreme conditions, with operational capabilities ranging from -20°C to 55°C and at altitudes of up to 5,000 meters above sea level.

The vehicles are designed for seamless integration with various superstructures without requiring special modifications. This innovation lowers costs and ensures a high degree of commonality across BEML’s military vehicle lineup, which includes configurations from 4×4 to 12×12, according to the company.

Shantanu Roy, CMD of BEML, emphasized that the contract underscores the company’s dedication to innovation and achieving self-reliance in defence manufacturing.

Additionally, BEML secured a separate contract from the Ministry of Defence on 10 December, valued at Rs 83.51 crore, to supply 50-ton trailers specifically designed for transporting battle tanks.

At 3:10 pm, the shares of BEML were trading 2.44% higher at Rs 4,469.65 on NSE. 

Tired of missing hot stocks? Unicorn Signals provides powerful tools like stock scans and more help you make informed trading decisions. Download now and take control of your portfolio!