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In spite of major disruption and slowdown of economic activities caused by the outbreak of COVID-19 pandemic, the Bengaluru-headquartered company said it has been able to perform creditably. ....
In a bid to mitigate the oxygen shortage in the country, defence PSU major BEML has started manufacturing 960 LMP medical oxygen units at its KGF complex. The units have been set up under a transfer o ....
BEML, with ToT from DRDO, starts making oxygen generating units June 03, 2021
BEML Limited, a defence public sectorcompany, has started manufacturing 960 LPM Medical Oxygen Plants at its KGF complex in record time under a transfer of technology (ToT) agreement with DRDO lab - Defence Bioengineering & ElectroMedical Laboratory (DEBEL), Bengaluru. The first set of medical oxygen plants has been rolled out and is being delivered to Koppal Institute of Medical Sciences, in Karnataka. In a regulatory filing to exchanges, BEML said it has received orders for 100 units from DEBEL on May 21, under ‘PM Cares’ fund and the same is expected to be supplied by end July, 2021. ....
“The domestic defence companies are at the cusp of receiving strong order inflows consistently at least till FY2025 which would lead to strong order backlogs and improved revenue visibility,” said Ronald Siyoni, associate vice-president, Sharekhan. ....
Hindustan Aeronautics, Bharat Dynamics, BEML and Bharat Forge gained up to 5 per cent each The shares of defence equipment makers were hogging the limelight in a subdued market on Tuesday, a day after the Ministry of Defence (MoD) announced a Positive Indigenisation List of 108 defence equipment that must be compulsorily sources locally. Among individual stocks, Hindustan Aeronautics surged 5 per cent to Rs 1,069.15, Bharat Dynamics was up 4.5 per cent, BEML was up 1.7 per cent, Bharat Forge gained 1.3 per cent and Mazagon Dock Shipbuilders added 1.6 per cent on the BSE. On Monday, the Ministry of Defence announced that 108 defence equipment must be necessarily sourced indigenously as per Defence Acquisition Procedure 2020. Under the list, a total of 49 items will be banned for import after December, 21 cannot be imported after end-2022, 17 items will be banned after December 2023, 13 after December 2024 and eight after December 2025. ....