BEML Limited has signed a strategic memorandum of understanding with Sagarmala Finance Corporation Limited to unlock dedicated financial support for India’s domestic maritime manufacturing ecosystem.

The move accompanies another MoU BEML signed with HD Korea and Hyundai Samho for maritime cranes, expanding its presence in the shipbuilding and port equipment space.

As of 2:04 pm on Friday, shares of BEML were trading at ₹1,715 on the NSE, down 2.85 percent after hitting an intraday high of ₹1,779.80.

The announcement adds to a busy week for the defence PSU. On Thursday, BEML secured a ₹157 crore order from Loram Rail Maintenance India for manufacturing switch rail grinding machines to be supplied to Indian Railways for track maintenance.

The order followed another win on Wednesday —

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