BEML and HEC sign MoU to meet the growing requirements of mining industry

KOLKATA: State-owned BEML Limited and Heavy Engineering Corporation Limited (HEC) have signed an MoU to meet the growing requirements of the mining industry. As part of this, the companies 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 manufacturing and marketing of heavy engineering and mining machinery. They would jointly work for manufacturing, marketing, supply, & commissioning and after-sales-service support for the jointly identified products.

“Considering the huge business prospects in the mining industry, especially in Coal India, 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 eco-system. Since, BEML is located close to Tamil Nadu; the MoU will benefit the MSME enterprises,” Deepak Kumar Hota, CMD, BEML Limited said while signing the MoU.

Avijit Ghosh, CMD, Heavy Engineering Corporation, said: “The MoU will prove to be a land mark in joint collaboration between two public sector industries to serve for mining industry as well as the country." The joint effort will help the country to attain ‘self-reliance’ and save precious foreign-exchange outgo.

Further, it will also help to counter the competition from MNCsand other global players for supply of Rope shovels and Walking draglines.