BEML unveils mechanical minefield marking equipment for Indian Army

Image
Capital Market
Last Updated : May 19 2021 | 3:51 PM IST

The equipment is designed for marking the mine fields at faster rate, semi-automatically with minimal human intervention.

BEML has rolled out the first prototype of mechanical minefield marking equipment Mk-II, built on BEML TATRA 6x6 an 'Atmanirbhar' product, developed through Technology of Transfer (ToT) from Research & Development Establishment Engineers (R&DE Engineers), Defence Research and Development Organisation (DRDO).

MK-II will greatly benefit Indian army to mark/fence minefields. The equipment is capable of marking/fencing at a minimum rate of 1.2 km/hr with inter-picket spacing of 15 m. MMME Mkc-II system is designed to operate in plains of Punjab, as well as semi-desert & desert of Rajasthan, in all weather conditions. The system can store 500 numbers of pickets and polypropylene rope of 15 km in length.

BEML is expected to receive the orders of more than 55 systems from MoD (Ministry of Defence) after the successful trial evaluation.

The company's consolidated net profit surged to Rs 27.67 crore in Q3 FY21 from Rs 4.24 crore in Q3 FY20. Net sales during the quarter rose 5.10% Y-o-Y (year-on-year) to Rs 728.21 crore.

BEML is a multi-technology schedule 'A' company under the Ministry of Defence. The company operates in three verticals viz. defence & aerospace, mining & construction and rail & metro. As on 31 March 2021, the government held 54.03% stake in BEML.

Shares of BEML fell 0.14% to Rs 1,305.40 on BSE. The stock traded in the range of Rs 1,291.10 to Rs 1,323.80 so far.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 19 2021 | 3:22 PM IST

Next Story