BEML Signs MoUs with Siemens India & Dragflow Italy; Stock Rises Over 6%

 

Summary:

BEML Limited has entered into two strategic agreements to expand its presence in rail transport and dredging solutions:
1️⃣ MoU with Siemens India → To explore semi-high-speed, suburban, metro, and commuter rail opportunities.
2️⃣ MoU with Dragflow S.R.L., Italy → To strengthen indigenous dredging solutions.

📈 Stock Performance:

  • BEML's stock rose above 6%, surging to ₹2,641.10 from the previous close.

  • Previous Close : ₹2,490.10



📊 Key Data Points:

✔ Rail MoU: Siemens India – Semi-high-speed, suburban, metro, and commuter trains.
✔ Dredging MoU: Dragflow Italy – Strengthening local dredging technology.
✔ Stock Movement: Surged over 6% post-announcement.

About the Company

Incorporated in 2000 with headquarters in Chennai SEPC Limited provides end-to-end solutions to engineering challenges offering multi-disciplinary design, engineering, procurement, construction and project management services.




Disclaimer:

The information provided on Bharat Stock News is for educational and informational purposes only. We do not provide financial or investment advice. Readers are advised to consult with a SEBI-registered financial advisor before making any stock market decisions. Bharat Stock News is not responsible for any financial losses.


📢 Stay tuned for more updates on BEML’s expansion and stock performance! 🚀

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