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BEML and Heavy Engineering Corporation on Tuesday signed an MoU to meet the growing requirements of the mining industry. The two companies which have synergies in their product profiles, will manufacture and supply products such as rope shovels and walking draglines to cater to the needs of the mining industry. Under this MoU, both these companies will combine their rich experience and expertise in the fields of manufacture and marketing of heavy engineering and mining machinery, and 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 Anil Kumar Jha, Chairman & Managing Director, Coal India, one of the most prestigious customers patronising the mining products of BEML and HEC over a period of time. The stocks of BEML and Coal India closed flat at ₹897.50 and ₹261.70, respectively, on the BSE.
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