BEML shares in focus after licensing deal With DRDO to manufacture advanced combat support vehicles for Army
will be in focus on Tuesday after the company signed three licensing agreements with the Defence Research and Development Organisation's (DRDO) Vehicles Research and Development Establishment (VRDE) to manufacture advanced mobility and support systems for the
Indian Army
's Armoured Corps.
Under the agreements, BEML will indigenously develop and produce the Unit Maintenance Vehicle (UMV) and Unit Repair Vehicle (URV) for the MBT Arjun tank, as well as a full trailer for a 70-tonne tank transporter equipped with an advanced hydraulic suspension system.
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'This collaboration marks a significant milestone in enhancing the Indian Army's operational capabilities through next-generation, indigenous solutions, aligned with the Government of India's Aatmanirbhar Bharat vision,' BEML said in a statement.
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KEI Industries, DCB Bank among 10 small-cap stocks analysts expect to gain up to 75%
Defence Stocks in Focus on Rs 30,000 Cr QRSAM Boost
Defence-related stocks such as
Bharat Electronics
(BEL),
Bharat Dynamics
(BDL), Data Patterns,
Paras Defence
, and BEML are expected to remain in focus amid reports that the Indian Army is set to acquire Quick Reaction Surface-to-Air Missile (QRSAM) systems worth Rs 30,000 crore.
Live Events
According to news agency ANI, the Defence Ministry will soon review a proposal to procure three QRSAM regiments for Army Air Defence, intended for deployment along the western and northern borders. The DRDO-developed missile systems are designed for rapid deployment, with the capability to track and engage targets while on the move.
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The QRSAM, with a range of 30 km, will complement existing systems like Akash and MRSAM. Officials said the system has undergone successful day and night trials.
The Defence Acquisition Council is likely to take up the proposal later this month.
This development comes amid heightened tensions, where Indian Army air defence units recently countered cross-border drone threats using L-70 and Zu-23 guns, while platforms like Akash, MRSAM, Spyder, and S-400 also played key roles. To bolster readiness, the Army is also expected to induct new radars, very short-range air defence systems, and anti-drone technologies, including jammers and laser-based systems.
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Vishal Mega Mart, SBI Card among 8 large & midcap stocks that hit 52-week highs on Monday
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