BEML Ltd has signed a Memorandum of Understanding (MoU) with Tesmec S.p.A to jointly develop and supply advanced surface miner equipment. The partnership aims to enhance India’s mining infrastructure through innovation and localized manufacturing. The MoU was disclosed via regulatory filings with NSE and BSE on October 24, 2025.
In a strategic move to bolster India’s mining capabilities, BEML Ltd has entered into a non-binding MoU with Tesmec S.p.A, a global leader in trenching and mining technologies. The collaboration will focus on co-developing surface miner equipment tailored for Indian terrain and operational needs.
The announcement was made through official filings with the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), in accordance with Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements.
Key Highlights:
Technology Collaboration: The partnership will leverage Tesmec’s expertise in surface mining systems and BEML’s manufacturing capabilities to deliver high-performance equipment.
Indigenous Manufacturing: The MoU supports the “Make in India” initiative by promoting local production and reducing dependence on imported mining machinery.
Sectoral Impact: The alliance is expected to improve efficiency and safety in India’s mining sector, particularly in coal and limestone extraction.
Lifecycle Support: The agreement includes provisions for end-to-end lifecycle services, including maintenance, training, and spare parts supply.
Strategic Vision: BEML continues to expand its footprint in mining and construction equipment, aligning with national infrastructure goals.
This partnership marks a significant step toward modernizing India’s mining ecosystem through global collaboration and indigenous innovation.
Sources: BSE Corporate Filings, NSE Circulars (dated October 24, 2025).