New Delhi, April 29 -- BEML Ltd, a leading Defence Public Sector Undertaking (DPSU) under the Ministry of Defence, signed a strategic partnership with STX Engine, a South Korean company, to co-develop, manufacture, and market battle tank engines, marine engines, spares and engine aggregates. The agreement also included servicing and maintenance of engine components to cater to Indian defence needs while exploring export opportunities to friendly nations.
The Memorandum of Understanding (MoU) was exchanged between Mr. Shantanu Roy, CMD, BEML Ltd, and Mr. Sangsu Lee, President & CEO, STX Engine, in the presence of senior officials from both organisations.
Mr. Shantanu Roy, CMD, BEML Ltd, stated: "This collaboration is a testament to BEML's ...