BEML Limited and Heavy Engineering Corporation Limited (HEC) signed a MoU to meet the growing requirements of the mining industry. Both the companies having synergy in its product profile, will manufacture and supply products such as 'Rope Shovels & Walking Draglines’ to cater to the needs of the Mining Industry.

Under this MoU BEML & HEC, will combine their rich experience and expertise in the field of manufacture and marketing of heavy engineering and mining machinery, would jointly work for Manufacturing, Marketing, Supply, Erection & Commissioning and After-Sales-Service support for the jointly identified products.

The MoU was signed in the presence of Shri. Anil Kumar Jha, Chairman & Managing Director, Coal India Limited (CIL), one of the most prestigious customers patronizing mining products of BEML & HEC over a period of time.

CIL has always been playing a pivotal role in the successful deployment of indigenous products, besides encouraging implementation of upgradations in the existing products to meet the changing needs of the Mining Industry. This also augurs well to roll-out the vision of the Hon'ble Prime Minister for effective implementation of 'Make-ln-India’ initiative of Government of India.

Signing the MoU, Mr Deepak Kumar Hota, CMD, BEML Limited, said, ”Considering the huge business prospects in the mining industry, especially in CIL, this is an opportunity to collaborate and synergize the strengths of both the organizations for producing products for the sector and effectively utilize its installed facilities. This will also help us in utilizing the existing SME ecosystem. Since BEML is located close to Tamil Nadu; the MoU will benefit the MSME enterprises."

BEML-HEC is also exploring the possibility of getting funding from Department of Heavy Industries (DHI) for Developmental projects like ’Development of 20CuM Rope Shovel' etc.