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Rediff.com  » Business » BEML bags Rs 800cr order from Defence Ministry

BEML bags Rs 800cr order from Defence Ministry

April 21, 2006 12:43 IST

Bharat Earth Movers Ltd has bagged Rs 800 crore (Rs 8 billion) orders from Ministry of Defence for various ground support high-mobility vehicles.

A large part of the supplies would be made in financial year 2006-07 and the rest would be carry-forwarded to the year 2007-08, BEML informed the Bombay Stock Exchange.

BEML would supply high mobility applications, heavy recovery vehicles, special purpose vehicles for Pinaka Project, trailers and engineering mine ploughs for breaching minefields, it added.

The company has got a total carry-forward order book position including defence equipment of Rs 2,550 crore (Rs 25.5 billion).

The company had earlier developed and taken up several projects including mines scattered laying vehicle, medium and light armoured recovery vehicle, field artillery tractors and ammunition loader vehicles for the Indian Defence services.

BEML's share were trading at Rs 1,455, up 4.44 per cent at BSE.

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