BEML has signed a strategic partnership with STX Engine, a renowned South Korean company, to co-develop, manufacture, and market Battle Tank engines, marine engines, spares, and engine aggregates. The agreement also includes servicing and maintenance of engine components to cater to Indian defence needs while exploring export opportunities to friendly nations.
BEML has a rich legacy of innovation and technological leadership across defence mobility solutions, missile systems, metro and rail components, mining equipment, and modernization programs. With this partnership, BEML aims to expand its footprint into defence and marine engine technologies, leveraging STX Engine’s deep expertise to develop advanced propulsion solutions for India’s evolving defence programs.
This collaboration underscores BEML’s commitment to strengthening indigenous capabilities in defence and maritime engineering, reinforcing India’s vision of ‘Aatmanirbhar Bharat’ (Self-Reliant India). By combining BEML’s engineering excellence with STX Engine’s expertise in engine technology, the partnership is poised to drive innovation, reduce import dependency, and build a robust domestic manufacturing ecosystem.
As part of this alliance, BEML will optimize production processes tailored to specialized engine manufacturing, while also accelerating localization and indigenization initiatives. This milestone partnership marks a significant leap in India’s self-reliance in critical defence technologies, setting the stage for a resilient and future-ready defence infrastructure. Together, BEML and STX Engine are committed to delivering cutting-edge solutions aligned with India’s national security objectives, strengthening defence preparedness on the global stage.
| Company Name | CMP |
|---|---|
| BEML | 2562.00 |
| Action Const. Equip | 1191.00 |
| Sanghvi Movers | 232.65 |
| Brady & Morris Engg | 1209.95 |
| TIL | 174.95 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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