BEML, HEC ink pact to produce equipment for mining sector

BEML Ltd and Heavy Engineering Corporation Ltd (HEC) — have inked a memorandum of understanding to meet the growing requirement of the mining sector.

The pact was signed in the presence of Anil Kumar Jha, Chairman and Managing Director, Coal India Ltd (CIL), a customer of both BEML and HEC.

Speaking on the occasion, Deepak Kumar Hota, CMD, BEML Ltd, said, “Considering the huge business prospects in the mining industry, especially in CIL, this is an opportunity to collaborate and synergise the strengths of both the organisations, to produce products for the sector and effectively utilise installed facilities.”

He added: “This will also help us in utilising the existing SME eco-system. Since BEML is located close to Tamil Nadu, the MoU will benefit the MSME enterprises.”

Both the companies have synergies in their product profiles and are to manufacture and supply products such as rope shovels and walking draglines for the mining industry.

Image Credit : static-news.moneycontrol.com

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