Category : Agreements
 Bharat Earth Movers Ltd (BEML) and Heavy Engineering Corporation (HEC) have signed pact for making mining equipment. The MoU will result into additional Rs 150-200 crore revenue for both PSUs. It will reduce working capital and create capability for high capacity equipment. The mining products could be co-branded and will come under ‘Make in India’ initiative. Coal India is a major client for this mining equipment. |
| Source- The Moneycontrol |
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