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Time of India
10-06-2025
- Automotive
- Time of India
BEML shares in focus after licensing deal With DRDO to manufacture advanced combat support vehicles for Army
BEML shares will be in focus on Tuesday after the company signed three licensing agreements with the Defence Research and Development Organisation's (DRDO) Vehicles Research and Development Establishment (VRDE) to manufacture advanced mobility and support systems for the Indian Army 's Armoured Corps. Under the agreements, BEML will indigenously develop and produce the Unit Maintenance Vehicle (UMV) and Unit Repair Vehicle (URV) for the MBT Arjun tank, as well as a full trailer for a 70-tonne tank transporter equipped with an advanced hydraulic suspension system. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giường thông minh tồn kho từ năm 2022 - [Xem giá] Giường Thông Minh | Quảng Cáo Tìm Kiếm 'This collaboration marks a significant milestone in enhancing the Indian Army's operational capabilities through next-generation, indigenous solutions, aligned with the Government of India's Aatmanirbhar Bharat vision,' BEML said in a statement. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Also Read: KEI Industries, DCB Bank among 10 small-cap stocks analysts expect to gain up to 75% Defence Stocks in Focus on Rs 30,000 Cr QRSAM Boost Defence-related stocks such as Bharat Electronics (BEL), Bharat Dynamics (BDL), Data Patterns, Paras Defence , and BEML are expected to remain in focus amid reports that the Indian Army is set to acquire Quick Reaction Surface-to-Air Missile (QRSAM) systems worth Rs 30,000 crore. Live Events According to news agency ANI, the Defence Ministry will soon review a proposal to procure three QRSAM regiments for Army Air Defence, intended for deployment along the western and northern borders. The DRDO-developed missile systems are designed for rapid deployment, with the capability to track and engage targets while on the move. Also Read: Dixon Technologies, LIC Housing Finance among 10 mid-cap stocks analysts expect to gain up to 40% The QRSAM, with a range of 30 km, will complement existing systems like Akash and MRSAM. Officials said the system has undergone successful day and night trials. The Defence Acquisition Council is likely to take up the proposal later this month. This development comes amid heightened tensions, where Indian Army air defence units recently countered cross-border drone threats using L-70 and Zu-23 guns, while platforms like Akash, MRSAM, Spyder, and S-400 also played key roles. To bolster readiness, the Army is also expected to induct new radars, very short-range air defence systems, and anti-drone technologies, including jammers and laser-based systems. Also Read: Vishal Mega Mart, SBI Card among 8 large & midcap stocks that hit 52-week highs on Monday ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
United News of India
09-06-2025
- Automotive
- United News of India
BEML, DRDO sign Transfer of Technology pact
Bengaluru, June 9 (UNI) In a major thrust to India's defence indigenisation drive, BEML Limited has signed three Licensing Agreements with the Defence Research and Development Organisation (DRDO) for the Transfer of Technology (ToT) to manufacture critical mobility and support systems for the Indian Army's Armoured Corps. The agreements were signed with the Vehicles Research and Development Establishment (VRDE), a premier DRDO laboratory, and will enable BEML to indigenously produce the Unit Maintenance Vehicle (UMV) and Unit Repair Vehicle (URV) for MBT Arjun, as well as a Full Trailer for 70-tonne Tank Transporters with advanced hydraulic suspension. The Licensing Agreements were formally handed over by Dr Samir V Kamat, Secretary, Department of Defence R&D and Chairman, DRDO, to Sanjay Som, Director (Mining & Construction), BEML Ltd, at a ceremony held at VRDE, Ahmednagar on June 7. Also present were G Ramamohana Rao, Director, VRDE; Dr Prateek Kishor, Director General (Armament and Combat Engineering), DRDO; senior DRDO scientists, and industry representatives. "This collaboration is a milestone in strengthening the Indian Army's operational capabilities with next-generation indigenous solutions, fully aligned with the Government's 'Aatmanirbhar Bharat' initiative," said BEML Chairman and Managing Director Shantanu Roy. The transferred technologies include two critical support vehicles for the Arjun Main Battle Tank (MBT) fleet. The Unit Maintenance Vehicle (UMV) is designed to perform first-line maintenance and light repairs on electrical and mechanical assemblies in field conditions, ensuring the tank's operational continuity. The Unit Repair Vehicle (URV) serves as a second-line repair system, capable of conducting field repairs on vital components, thereby improving the uptime and combat effectiveness of the Arjun MBT fleet. Additionally, the Full Trailer for the 70-tonne Tank Transporter has been developed to move heavy armoured vehicles like the Arjun MBT Mk-1A. This trailer features a modular hydraulic suspension system and steerable axles, offering enhanced mobility and manoeuvrability across a variety of terrains, including metalled, gravelled, and unpaved roads. The agreement reflects BEML's expanding role in building a robust indigenous defence manufacturing ecosystem and meeting the evolving demands of modern warfare. BEML, a 'Schedule A' company under the Ministry of Defence, operates across three key verticals – Defence & Aerospace, Mining & Construction, and Rail & Metro – with manufacturing facilities in Bengaluru, Kolar Gold Fields, Mysuru, and Palakkad. UNI BDN SSP
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Business Standard
09-06-2025
- Automotive
- Business Standard
BEML signs agreement with DRDO to manufacture combat support vehicle
Under these agreements, Bharat Earth Movers Limited (BEML) will indigenously develop and produce the Unit Maintenance Vehicle (UMV) and Unit Repair Vehicle (URV) Press Trust of India Bengaluru BEML Limited on Monday said it has entered into three licensing agreements with the Vehicles Research and Development Establishment (VRDE), a premier DRDO laboratory, for the Transfer of Technology to manufacture critical mobility and support systems for the Indian Army's Armoured Corps. Under these agreements, Bharat Earth Movers Limited (BEML) will indigenously develop and produce the Unit Maintenance Vehicle (UMV) and Unit Repair Vehicle (URV) for MBT Arjun, and the Full Trailer for 70T Tank Transporter equipped with an Advanced Hydraulic Suspension System. This collaboration marks a significant milestone in enhancing the Indian Army's operational capabilities through fully indigenous, next-generation solutions aligned with the Government of India's "Aatmanirbhar Bharat" vision to achieve self-reliance in critical defence technologies, BEML said in a release.
Time of India
09-06-2025
- Automotive
- Time of India
BEML signs licensing agreements with DRDO to manufacture advanced combat support vehicles for Army
BEML Limited on Monday said it has entered into three licensing agreements with the Vehicles Research and Development Establishment ( VRDE ), a premier DRDO laboratory, for the Transfer of Technology to manufacture critical mobility and support systems for the Indian Army's Armoured Corps. Under these agreements, Bharat Earth Movers Limited (BEML) will indigenously develop and produce the Unit Maintenance Vehicle (UMV) and Unit Repair Vehicle ( URV ) for MBT Arjun , and the Full Trailer for 70T Tank Transporter equipped with an Advanced Hydraulic Suspension System. This collaboration marks a significant milestone in enhancing the Indian Army's operational capabilities through fully indigenous, next-generation solutions aligned with the Government of India 's "Aatmanirbhar Bharat" vision to achieve self-reliance in critical defence technologies, BEML said in a release.
Time of India
09-06-2025
- Automotive
- Time of India
BEML-DRDO pact: To develop key mobility systems for Army; boost to ‘Aatmanirbhar Bharat' in defence sector
BEML Limited has signed three licensing agreements with the Defence Research and Development Organisation 's vehicles research and development establishment (VRDE) to manufacture critical support and mobility systems for the army's armoured corps, the state-run company said on Monday. Under the deal, Bharat Earth Movers Limited will indigenously produce the unit maintenance vehicle (UMV) and unit repair vehicle (URV) for the MBT Arjun tank, as well as a 70-tonne tank transporter trailer featuring an advanced hydraulic suspension system. The agreements were formally handed over by Samir V Kamat, secretary, department of defence R&D and chairman, DRDO, to Sanjay Som, director (mining & construction), BEML Ltd., during a ceremony held at VRDE in Ahmednagar on 7 June. The event was attended by G Ramamohana Rao, director, VRDE, Prateek Kishor, director general (armament and combat engineering), along with senior DRDO scientists and industry representatives. BEML, in a statement, called the collaboration a key step forward in boosting army's operational strength with fully indigenous, next-generation systems. The company further added that the move is in line with the government's Aatmanirbhar Bharat initiative, aimed at achieving self-reliance in vital defence technologies. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
