BEML Ltd., a leading Defence Public Sector Undertaking (DPSU) under the Ministry of Defence, has recently informed exchanges that the company entered into a strategic partnership with South Korea’s STX Engine to co-develop and manufacture advanced battle tank engines, marine engines, and critical components. This collaboration also includes servicing and maintenance solutions, catering to India’s defence requirements while exploring export opportunities.
The Memorandum of Understanding (MoU) was signed between Shantanu Roy, CMD of BEML Ltd., and Sangsu Lee, President & CEO of STX Engine, in the presence of senior officials from both companies. This partnership marks a significant step in bolstering India’s self-reliance in defence technology, reinforcing the country’s vision of ‘Aatmanirbhar Bharat.’
With a strong legacy in defence mobility solutions, missile systems, metro and rail components, and mining equipment, BEML is expanding its footprint into defence and marine engine technologies. By leveraging STX Engine’s expertise, BEML aims to develop advanced propulsion systems that will enhance India’s defence capabilities.
This collaboration will accelerate the localization and indigenization of specialized engine manufacturing, reducing import dependency while fostering a robust domestic production ecosystem. By integrating cutting-edge technology and optimizing manufacturing processes, BEML and STX Engine are committed to delivering world-class solutions that align with India’s national security goals.
