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BEML: Stock gains after signing pact with Tesmec, S.p.A Italy

BEML Limited signed a MoU with Tesmec, S.p.A Italy to introduce Surface Miner equipment for mining applications as part of its normal business operations.

Introduction

Leading mining equipment company signed a MoU with Tesmec, S.p.A Italy to introduce Surface Miner equipment for mining applications, expanding its product offerings as part of normal business operations.

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Share price movement of BEML

On October 24, 2025, BEML Limited opened at ₹4,438.00, up 0.91% from its previous close of ₹4,397.80. The stock reached a high of ₹4,553.50 (3.49%) and a low of ₹4,420.10. By 3:49 PM, it traded at ₹4,434.40, a 0.83% increase, with a market cap of ₹18,466.84 crore.

BEML signs MoU with Tesmec Italy

BEML Limited signed a Memorandum of Understanding (MoU) with Tesmec, S.p.A Italy to introduce Surface Miner equipment for mining applications. The agreement is part of normal business operations.

The MoU allows BEML to expand its mining equipment offerings using Tesmec technology. No financial details or related party interests were disclosed in the announcement.

Recent news on BEML

As of September 26, 2025, BEML Limited signed a tripartite MoU with Bharat Forge and Data Patterns to participate in the AMCA programme and enhance India’s indigenous defense manufacturing capabilities.

Stock performance of BEML for Period of 1 week, 6 months, and 1 year

BEML Ltd delivered a -0.49% return over the past week, it gained 44.2% in the past six months. The stock rose 13.6% over the past year.

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Shareholding pattern of BEML

ParticularsSep 2025Mar 2025Dec 2024
Promoter54.00%54.00%54.00%
FII5.80%5.70%7.30%
DII18.50%18.80%18.70%
Public21.60%21.50%20.00%

About BEML

BEML Ltd (NSE: BEML) manufactures heavy earthmoving equipment for mining and construction, defense vehicles, and metro and Indian Railways coaches, serving multiple industries with a diverse range of products in India.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs

Q: Why is BEML Limited share price going up today?

A: BEML Limited share price is rising after signing a MoU with Tesmec, S.p.A Italy to introduce Surface Miner equipment for mining applications.

Q: What does BEML Limited specialize in?

A: BEML Limited specializes in manufacturing heavy earthmoving equipment, defense vehicles, and coaches for metro and Indian Railways across India.

Q: What is the 52-week high and low of BEML Limited stock?

A: BEML Limited stock has a 52-week high of ₹4,874.85 and a 52-week low of ₹2,346.35.

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