[ad_1]
MUMBAI :
Shares of BEML gained as a lot as 4.60% after it bagged a order from Ministry of Defence for provide of 330 High Mobility Vehicles, for Pinaka mission at a price of ₹842 crore.
At 12:26 pm, BEML was buying and selling at ₹684.00 apiece on the BSE, up 2.21% from its earlier shut, whereas the benchmark Sensex added 0.6% to 38,863.22.
BEML, the main Defence gear producer, has bagged a prestigious order from Ministry of Defence, in line with a regulatory submitting. Pinaka is a multi-barrel rocket launcher developed indigenously for the Indian Army and produced in India by involving Public Sector and Private Sector Defence Industries. The gear might be manufactured by BEML at its Palakkad Plant in Kerala and would provide the car platform to MoD in a span of three years. The announcement was made after market hours on Monday
The multi-barrel launcher system is mounted on the extremely rugged BEML truck, a lot acclaimed for its off-road mobility and would supply the Indian Army with very important manoeuvrability on the battlefield.
[ad_2]
Source hyperlink