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BEML to Pay 55% Interim Dividend
New Delhi, February 20, 2008
BEML Limited, a Defence PSU has declared an interim dividend
of 55% for the current financial year. Announcing this in New
Delhi today, the CMD VRS Natarajan said that this is a new
record by the company. He said during the last financial year,
BEML has paid 40% interim dividend.
Natarajan said, BEML Limited has an MoU target of 2756
crores for FY 07 -08. Referring to the latest products
developed by the company and displayed in the DefExpo-08,
Natarajan said these include Command Post Vehicle, TATRA
Driving Simulator, Armoured Recovery vehicle built in
collaboration with M/s. Bumar, Poland, Crash Fire Tender built
in collaboration with M/s. Tatra UK, and Weapon Loading System
(BHIMA). He said the company is displaying for the first time
aircraft towing tractor with ground power unit and Pontoon End
shore section and road laying section built indigenously with
100% indigenous R&D efforts.
BEML has emerged as a major base for manufacture and supply of
various land and ground support equipments and critical
aggregates in the country. With BEML planning to increase its
contribution to defence sector. the company has been making
strenuous efforts diversifying the portfolio of products in
Defence. BEML also provides effective logistics support to the
armed forces in terms of training of service men and stocking
of spare parts across the country.
Referring to the new technology tie ups, he informed that BEML
has signed Memorandum of Association with General Dynamics,
Canada for four wheeled Armoured Patrol Vehicle (Duro APV MK
III). This vehicle is Small Arms and mine protected. This MoU
will be for producing & Marketing for Indian and global
market. He also said that BEML has signed MoA with M/s. WFEL,
UK to offer 46 mtrs Dry Support Bridges to Indian Army.
Natarajan said that BEML has extended the MoU with M/s.
TATRA SIPOX,UK for Technology transfer, production and
marketing of 20 tons to 25 tons capacity Tippers to Indian
Metal, Mining & Coal Market. This range of vehicle have great
demand in Mining sector and M/s. TATRA has also agreed to
offer the complete ToT for BS II Engines for 4x 4 , 6x6 and 8x
8 BEML TATRA Defence Trucks for India with global outsourcing
for overseas market.
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