Page 5 - Beml

BEML, RITES ink pact, to bid for Metro systems, export of rolling stock

BEML Limited has signed a Memorandum of Understanding (MoU) with RITES Limited, a leading transport infrastructure consultancy and engineering company, to explore and jointly bid for opportunities in the fields of Metro systems and export of rolling stock. As part of the MoU, RITES will provide expertise in design, engineering, marketing and any other support that may be required for tapping domestic and overseas opportunities while BEML will be responsible for manufacturing of customised metro coaches and rolling stock a BEML statement said. "The MoU will allow both companies to leverage each other's expertise and technologies to opitimise operations and expand on a global level," it said. It would enable BEML and RITES to jointly bid and provide the entire spectrum of services from design, manufacture to operations & maintenance for the existing and upcoming Metro systems as well as export of rolling stock and related services. "The collaboration will not only create a platform

This PSU stock has zoomed 111% thus far in 2021, up 31% in the last 6 days

Brickwork Ratings said it will continue to monitor the strategic disinvestment process of BEML and take appropriate rating action as and when necessary

Megha Engineering and Infrastructure sees prospects in PSU disinvestments

The company has been shortlisted as qualified bidder for Shipping Corporation of India, Neelachal Ispat, and BEML

Review meet on disinvestment, privatisation of defence PSUs on Monday

The plan to bring down the government's shareholding and the broad timeline for the sale would be shared with the ministry

Top headlines: Analysts have eyes on RIL AGM; small firms get more say

Business Standard brings you the top headlines on Thursday.

BEML buyer may face restriction on raising capital for a few years

This is being done as such a move would lead to further dilution of the sovereign's stake below 28 per cent after privatisation

Stocks to watch: SBI Card, BEML, Power Grid, Max Financial, Coal India

Coal India Limited is debating on hiking coal price for the regulated sector and may take a call soon, a senior official said

Top Headlines: Adani seeks to defer airports, AIIMS studies third wave

Business Standard brings to you the top headlines on Friday

BEML privatisation: Panel to meet on Friday to finalise sale process

The government will sell 26 per cent out of the total 54.03% stake it holds in the company along with transfer of management control.

DIPAM, NITI Aayog agree to proposal of incorporating BEML subsidiary

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Defence stocks rally as MoD puts 108 items on import ban list; BEL up 6 %

The MoD, on Monday, announced a list of 108 items of defence equipment that must be compulsorily procured from indigenous sources according to provisions in the Defence Acquisition Procedure 2020

Stocks to watch: Maruti Suzuki, bank stocks, Jubilant Ingrevia, BPCL, BEML

Moody's Investors Service revised upwards its outlook on IndusInd Bank to 'stable' from 'negative' while affirming its rating

BEML surges 13% as report suggests Tata, Mahindra eyeing stake in firm

The board approved the appointment of M/s Deloitte Haskins & Sells LPP, as Consultant for advising, undertaking and implementing demerger of non-core assets of BEML

Stocks to watch: Affle India, BEML, RIL, auto stocks, RailTel, IOC, Vedanta

Vedanta Resources has raised $1.2 billion in a bond offering that saw strong investor interest

BEML, NAL sign MoU to jointly develop 2-seater trainer aircraft

BEML Limited has signed an MoU with Council of Scientific and Industrial Research (CSIR)-National Aerospace Laboratories (NAL) for joint development in the areas of advanced composites and autoclaves, mini-unmanned aerial vehicles, design & analysis of aircraft structure and systems. BEML also teamed with NAL for joint development of two seater trainer aircraft through transfer of technology, according to a BEML statement. "This will help BEML increase its footprint in the aerospace sector," the statement said.

BEML, RCF: Divestment may trigger a breakout in PSU stocks, charts show

If the Nifty PSE Index sustains above 2,800 levels on the closing basis, it may see a rally towards 3,100 levels

BEML rallies 8% as govt invites initial bids for strategic divestment

The government will sell 26 per cent out of the total 54.03 per cent stake it holds in the company along with transfer of management control.

Stocks to watch: RCFL, Tata Motors, RIL, BEML, Cadila Health, Adani Green

Tata Motors reported a 21 per cent increase in total vehicle sales in the domestic market to 53,430 units in December

Govt to divest 26% stake in BEML; EoI submission open till March 1

The sale could fetch the government Rs 1,055 crore, according to the company's share closing price on Friday

Govt invites preliminary bids for 26% strategic sale in defence PSU BEML

The government on Sunday invited preliminary bids for strategic sale of 26 per cent stake along with transfer of management control in defence PSU BEML