BEML Limited signs MoU with Dredging Corporation of India Limited for Rs. 350 Crores

BEML Limited has entered into 3 non-binding MoUs with Dredging Corporation of India Limited (DCIL) for a total value of Rs. 350 Crores. The MoUs are for building 5 nos. of Inland Cutter suction dredgers of different capacity under the ‘ATMANIRBHAR’ Bharat Mission. Additionally, BEML will supply Cable dredgers & Long reach excavators with Dredge pump and customised dredging solutions for Dams / Reservoirs /Lakes ete dredging /de-siltation works. Lastly, BEML will supply Indigenous spares for DCIL dredgers. This is in line with their normal course of business.