BEML Joins Hands With STX Engine for Defence Engine Solutions

BEML, under India’s Ministry of Defence, has forged a strategic alliance with South Korean firm STX Engine to co-develop, manufacture, and market cutting-edge battle tank and marine engines, along with spares and engine aggregates.This collaboration extends to servicing and maintenance, ensuring India’s defence readiness while unlocking export potential to allied nations.

The Memorandum of Understanding (MoU) was signed by Shri Shantanu Roy, CMD, BEML Ltd, and Mr Sangsu Lee, President & CEO, STX Engine, in the presence of senior officials from both organisations. 

This landmark partnership is set to revolutionise engine production by enhancing localisation, streamlining specialised manufacturing, and reinforcing India’s self-reliance in critical defence technologies.

By leveraging their combined expertise, BEML and STX Engine are poised to deliver state-of-the-art solutions that align with India’s national security imperatives, fortifying its defence ecosystem and positioning the nation as a formidable player on the global stage.

BEML Q3 FY25 Results

In Q3 FY25, BEML Limited reported a consolidated net profit of ₹24.41 crore, marking a 49.4% decline from ₹48.20 crore in the previous year. Revenue from operations fell 16.4% year-on-year to ₹875.77 crore, while total expenses dropped 16.1% to ₹850.70 crore.

Despite the profit dip, BEML declared an interim dividend of ₹5 per share, with a record date of 14 February 2025. Over the nine-month period ending 31 December 2024, net profit plunged 80.1% to ₹4.97 crore, with revenue declining 6.7% to ₹2,369.69 crore. 

Operating across defence & aerospace, mining & construction, and rail & metro, BEML remains 54.03% government-owned as of December 2024.

Share Price Performance 

At market close on February 12, 2025, BEML Ltd shares ended 2.11% lower at ₹2,880 per share on the NSE.

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