BEML Limited has signed a non-binding Memorandum of Understanding (MoU) with Hindustan Shipyard Limited (HSL) to jointly develop advanced marine systems in India. This strategic collaboration aims to boost indigenous innovation by focusing on design, manufacturing, and comprehensive lifecycle support for marine technologies.
In the exchange filings, the company shared, “BEML Limited and Hindustan Shipyard Limited (HSL) have signed a non-binding Memorandum of Understanding (MoU) to collaborate on the co-creation of advanced marine systems-encompassing innovation, indigenous design, manufacturing, and end-to end lifecycle support.”
This MoU is expected to pave the way for future projects in defence shipbuilding, underwater platforms, and marine system integration, contributing significantly to India’s maritime capabilities.
ChatGPT said:
BEML shares ended the day at ₹4,148.70, lower than the previous close of ₹4,298.10. The stock opened at ₹4,290.80 and touched an intraday high of ₹4,293.00, while the day’s low stood at ₹4,132.40. Over the past 52 weeks, BEML has seen a low of ₹2,350.00 and a high of ₹4,874.80.
