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Economic Times
2 days ago
- Business
- Economic Times
BEML shares in focus after Rs 282 crore defence order and hyperloop MoU pact
Shares of state-owned BEML are set to be in focus on Tuesday as the company disclosed a Rs 282 crore order from the Ministry of Defence and signed a new agreement to co-develop India's first indigenously designed hyperloop transportation system. ADVERTISEMENT In a regulatory filing on Monday, BEML said it had secured a contract for the supply of High Mobility Vehicles (HMV) in an 8x8 configuration. This comes just a week after the company announced a separate Rs 293.8 crore order for HMV 6x6 units, which are all-terrain vehicles used for personnel movement and general service roles by the Indian Army. 'We hereby inform that BEML Limited has bagged an order from the Ministry of Defence for supply of HMV 8X8 with contract value of Rs. 282 crores approximately,' the company said in the filing. Separately, BEML said it had entered into a Memorandum of Understanding (MoU) with TuTr Hyperloop, a deep-tech startup incubated at IIT Madras, to jointly develop a prototype of a high-speed transportation system based on hyperloop to BEML, hyperloop is a transportation system in which passenger or cargo pods move through sealed tubes in a near-vacuum environment, using Magnetic Levitation and Linear Induction Motor (LIM) propulsion systems. ADVERTISEMENT As part of the agreement, BEML will serve as the principal manufacturing partner. The partnership aims to develop a pod capable of transporting passengers and freight at high speeds using advanced propulsion systems.'The goal is to create a radically faster, greener, and more efficient mode of transport,' BEML said in a press release. ADVERTISEMENT Shares of BEML closed 3.64% higher at Rs 3,987.35 apiece on the BSE on Monday. The benchmark Sensex gained 0.52% on the day. The stock remains down 2.07% over the past 12 months and 10.24% a technical perspective, the stock is trading below its 10-day, 20-day, 30-day, and 50-day simple moving averages (SMAs), while staying above the 5-day, 100-day, 150-day, and 200-day SMAs. The Relative Strength Index (RSI) stands at 38.6, while the Moving Average Convergence Divergence (MACD) is at -117.1, below both the center and signal lines. ADVERTISEMENT For the quarter ended March 31, 2025, BEML reported a 12% year-on-year rise in net profit to Rs 287.5 crore, compared with Rs 257 crore a year earlier. Revenue rose 9.1% to Rs 1,652.5 crore from Rs 1,514 crore in the same period last stood at Rs 422.6 crore, a 13.9% increase from Rs 371 crore, while operating margins expanded to 25.57% from 24.5%, reflecting improved cost controls. ADVERTISEMENT Also read | NSE reaches Rs 40 crore settlement with Sebi over data disclosure case (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
3 days ago
- Business
- Economic Times
BEML signs MoU with deep-tech startup at II-M to build indigenous Hyperloop system in India
The BEML on Monday signed a Memorandum of Understanding (MoU) with TuTr Hyperloop, a deep-tech startup incubated at IIT Madras, to co-develop India's first indigenously designed Hyperloop transportation system. Hyperloop is a high-speed transportation system where passenger or cargo pods travel through sealed tubes in a near-vacuum environment, allowing them to glide at exceptional speeds using Magnetic Levitation and Linear Induction Motor propulsion systems, according to Bharat Earth Movers Limited (BEML). As per the MoU, BEML will serve as the principal manufacturing partner for TuTr collaboration will focus on developing a prototype Hyperloop pod designed to carry both passengers and cargo at ultra-high speeds, leveraging advanced propulsion technologies such as Linear Induction Motors (LIM) and Maglev systems. The goal is to create a radically faster, greener, and more efficient mode of transport, stated a press release issued by BEML."This partnership is a leap forward for India's aspirations in high-speed, clean transportation," said Shantanu Roy, Chairman and Managing Director, BEML. "It exemplifies our commitment to Viksit Bharat 2047 and Atmanirbhar Bharat by turning futuristic mobility into a reality powered by Indian engineering, innovation, and manufacturing," he MoU was formally signed by Lingaraj V Viraktamath, Head Corporate Technology Planning & Alliance Management and Aravind S Bharadwaj, Director & CEO of TuTr Hyperloop, in the presence of Roy, BEML, and Prof V Kamakoti, Director, IIT Madras. Rajeev Kumar Gupta, Director, Rail & Metro, BEML Ltd was also present. "At TuTr, we're translating deep scientific research into practical technologies that can transform the way people and goods move," said Prof Kamakoti.
Time of India
3 days ago
- Business
- Time of India
BEML signs MoU with deep-tech startup at II-M to build indigenous Hyperloop system in India
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The BEML on Monday signed a Memorandum of Understanding (MoU) with TuTr Hyperloop , a deep-tech startup incubated at IIT Madras , to co-develop India's first indigenously designed Hyperloop transportation is a high-speed transportation system where passenger or cargo pods travel through sealed tubes in a near-vacuum environment, allowing them to glide at exceptional speeds using Magnetic Levitation and Linear Induction Motor propulsion systems, according to Bharat Earth Movers Limited (BEML).As per the MoU, BEML will serve as the principal manufacturing partner for TuTr collaboration will focus on developing a prototype Hyperloop pod designed to carry both passengers and cargo at ultra-high speeds, leveraging advanced propulsion technologies such as Linear Induction Motors (LIM) and Maglev systems. The goal is to create a radically faster, greener, and more efficient mode of transport, stated a press release issued by BEML."This partnership is a leap forward for India's aspirations in high-speed, clean transportation," said Shantanu Roy, Chairman and Managing Director, BEML."It exemplifies our commitment to Viksit Bharat 2047 and Atmanirbhar Bharat by turning futuristic mobility into a reality powered by Indian engineering, innovation, and manufacturing," he MoU was formally signed by Lingaraj V Viraktamath, Head Corporate Technology Planning & Alliance Management and Aravind S Bharadwaj, Director & CEO of TuTr Hyperloop, in the presence of Roy, BEML, and Prof V Kamakoti, Director, IIT Madras. Rajeev Kumar Gupta, Director, Rail & Metro, BEML Ltd was also present."At TuTr, we're translating deep scientific research into practical technologies that can transform the way people and goods move," said Prof Kamakoti.
Business Upturn
3 days ago
- Business
- Business Upturn
BEML and TuTr Hyperloop sign MoU tp develop next-gen mobility solutions
By Aman Shukla Published on August 4, 2025, 16:38 IST BEML Limited has entered into a strategic collaboration with TuTr Hyperloop Pvt. Ltd. through a non-binding Memorandum of Understanding (MoU) aimed at developing futuristic transportation technologies. The partnership sets the stage for pioneering projects in high-speed mobility, including Hyperloop systems, Linear Induction Motor (LIM)-based cargo transport, and specially designed wagons. As per the terms of the MoU, TuTr Hyperloop will lead the design and innovation efforts, while BEML will take charge of manufacturing. This alignment brings together TuTr's cutting-edge research capabilities with BEML's long-standing expertise in heavy engineering and industrial production. The collaboration signals a strong step towards building indigenous, sustainable, and high-efficiency transport solutions for the future. The focus will be on creating scalable systems that can address India's evolving mobility and logistics needs—across both passenger and cargo segments. This MoU opens the door to a series of innovative projects that could transform the transportation landscape in India, offering faster, smarter, and more efficient alternatives to conventional systems. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
