BEML Signs MoU with Italy’s Tesmec for Surface Miner Equipment; Stock Up 1.25% Today and 42% in 6 Months
By Shishta Dutta | Published at: Oct 24, 2025 05:04 PM IST
Bengaluru, October 24: BEML Limited announced today that it has entered into a Memorandum of Understanding (MoU) with Italy-based Tesmec S.p.A. The MoU is to introduce Surface Miner equipment for mining applications. The collaboration of both the companies is aimed at expanding the portfolio of BEML containing mining machinery and strengthening its presence in the mechanised surface mining industry.
BEML Limited is an Indian Public Sector Undertaking (PSU) under the Ministry of Defence. It manufactures heavy equipment for various industries. The company was established in 1964, and is headquartered in Bengaluru, Karnataka. The shares of the company are listed on NSE with the ticker symbol BEML, and on BSE with the code 500048.
Shares Rise By 1.25%
Following the announcement, BEML Limited share price saw positive investor demand. As of 1:33 PM, the shares are up by 1.25%, or 55 points, and are currently trading at ₹4,452. Until now, the shares have traded within a range of ₹4,551.50 and ₹4,426.10. The current traded volume stands at ₹7.54 lakh shares, with the company’s market cap at ₹18,311 crore. The shares have their 52-week high at ₹4,874.80 and their 52-week low at ₹2,350.
With today’s rise in the share price, the shares are up by 1.86% in the last week, 4.435 in the last month, 42.13% in the last six months, 16.17% in the last year, and 120.35% in the last 2 years.
REF: https://nsearchives.nseindia.com/corporate/BEML_24102025111751_MoUTesmec.pdf
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