Defence Ministry signs Rs 557 crore contract with BEML for 1512 mine ploughs for T-90 tanks
In an apparent effort to boost ‘Make in India’ initiative of the Government, the Acquisition Wing of Union Ministry of Defence has signed a contract with Bharat Earth Movers Limited (BEML) for procurement of 1,512 Mine Plough (MP) for Tank T-90 S/SK at an approximate cost of Rs 557 crore.
Jul 22, 2020, 09:41 AM IST
Govt clears 26% strategic sale in defence equipment manufacturer BEML
Government will sell 26 percent stake in defence equipment manufacturer BEML, making it the first major PSU to be sold through strategic disinvestment, which may fetch the exchequer over Rs 1,000 crore.
Jan 06, 2017, 19:04 PM IST
BEML touches 52-week high on DMRC order
BEML shares Thursday surged to their 52-week high on the bourses after the defence PSU said it has bagged orders worth Rs 645 crore from Delhi Metro Rail Corporation (DMRC).
Jun 11, 2015, 18:26 PM IST
Infra, realty stocks gain ground on land acquisition ordinance
Shares of infrastructure, realty and defence companies gained ground on Tuesday after the government recommended promulgation of an ordinance making significant changes in the Land Acquisition Act.
Dec 30, 2014, 18:38 PM IST
Defence stocks jump as govt approves projects worth Rs 80K cr
Shares of companies involved in defence sector rallied as much as 8.6 per cent today after projects worth a whopping Rs 80,000 crore were cleared by the government.
Oct 27, 2014, 12:34 PM IST
Defence firms pare early gains; down over 2% on profit-booking
Paring their initial gains, shares of defence equipment makers ended with losses Thursday, down more than 2 percent, mainly on profit-booking in an overall weak stock market.
Aug 07, 2014, 17:24 PM IST
